IP Group PLC on Thursday said it has extended its share buyback programme by £20 million to a total of £75 million.

The London-based active investor in early stage science companies said it is allocating all the proceeds it has received to date from a secondary sale, along with half its other realisations received in 2025, totalling £20 million, to its buyback programme.

The extension will run until the end of 2025 unless it is completed or terminated earlier, IP Group added.

Since starting the buyback programme, the company has repurchased £55 million of shares at an average price of 44.80 pence each.

Shares in IP Group rose 3.5% at 50.70 pence in London on Thursday.

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