Microlise Group plc (AIM: SAAS), a Nottingham-based provider of transport management software serving over 2,500 fleet operators, has disclosed the repurchase of 201,000 ordinary shares during the week of 2 to 6 November 2026 as part of its Share Buyback Programme announced on 15 October 2026. The purchases were executed through Canaccord Genuity Limited on the AIMX trading venue at a volume weighted average price of 60.03 pence per share. Following these transactions, the company will hold 620,000 shares in treasury, reducing the number of ordinary shares in issue to 115,363,483. Investors monitoring their disclosure obligations under FCA rules should use this figure as their denominator.

Key Points

  • Microlise Group plc (AIM: SAAS) — transport and fleet technology provider listed on AIM
  • 201,000 ordinary shares repurchased between 2 and 6 November 2026 via Canaccord Genuity at a VWAP of 60.03 pence
  • Treasury shares now total 620,000; ordinary shares in issue reduced to 115,363,483
  • Investors should watch for further buyback announcements as the Share Buyback Programme continues

Weekly Buyback Volumes and Daily Prices Paid by Microlise Under Its October 2026 Programme

Across the five trading days covered, Microlise repurchased shares in daily tranches ranging from 27,000 to 44,000 ordinary shares. The highest price paid during the period was 62.50 pence on 2 November 2026, while the lowest recorded price was 58.00 pence, reached during one of three separate transactions executed on 4 November 2026. By 5 and 6 November, the volume weighted average price had settled at 58.50 pence. All trades were conducted on the AIMX venue through Canaccord Genuity Limited, which also serves as the company's nominated adviser and broker.

Microlise Treasury Share Position and the New Denominator for FCA Disclosure Calculations

Following the latest round of purchases, Microlise's total treasury holding stands at 620,000 ordinary shares. The announcement confirms that the number of ordinary shares in issue and admitted to trading, excluding treasury shares, is now 115,363,483. Under the FCA's Disclosure Guidance and Transparency Rules, shareholders must use this figure as the denominator when calculating whether they are required to notify a change in their interest in the company's share capital. The company stated that all purchased shares are intended to be held in treasury rather than cancelled.

Microlise's Business Profile: AIM-Listed Fleet Technology Group With Global Operations

Founded in 1982 and headquartered in Nottingham, Microlise provides transport and fleet technology solutions designed to improve efficiency, safety, and emissions performance for logistics operators. The group employs approximately 730 staff across offices in the UK, France, Australia, and India, and counts more than 2,500 clients across its customer base. Microlise holds the London Stock Exchange's Green Economy Mark, reflecting its focus on sustainability outcomes such as fuel reduction and improved driver performance. The company's software-as-a-service model underpins its AIM listing under the ticker SAAS.

Further Buyback Announcements Expected as Microlise Share Repurchase Programme Continues

Microlise confirmed in the announcement that additional disclosures will follow as further purchases are made under the Share Buyback Programme. The programme was originally announced on 15 October 2026, and the company is operating within the framework of Article 5(1)(b) of the UK-applied Market Abuse Regulation. Investors may wish to monitor subsequent transaction-in-own-shares announcements to track the total scale and cost of the programme. The company did not disclose the overall budget or maximum share volume authorised under the programme in this announcement.