Power Probe PLC (AIM: PWR), the California-founded producer of automotive electrical diagnostic tools, has announced the purchase of 110,000 ordinary shares of 0.1p each between 3 and 6 November 2026 under its share buyback programme, which was first announced on 8 October 2026. All purchases were executed at a uniform price of 55.50 pence per share through the company's nominated broker, Shore Capital Stockbrokers Limited, on the AIMX venue. The transactions reduce the total voting rights in the company to 73,251,404, a figure shareholders may use as a denominator when assessing disclosure obligations under FCA rules.

Key Points

  • Power Probe PLC (AIM: PWR), producer of automotive electrical diagnostic tools, ISIN: GB00BSDYS558
  • 110,000 ordinary shares repurchased between 3 and 6 November 2026 at 55.50p per share under the buyback programme announced 8 October 2026
  • Following the transactions, issued share capital stands at 73,702,404 shares; 451,000 shares are held in treasury pending cancellation
  • Investors should watch for further buyback announcements and the eventual cancellation of treasury shares upon programme completion

Power Probe Purchases 110,000 Shares at 55.50p Each Across Four Trading Days in November

The announcement confirms that Power Probe acquired its ordinary shares in four separate transactions: 30,000 shares on each of 3, 4, and 5 November 2026, and 20,000 shares on 6 November 2026. Every transaction was executed at precisely 55.50 pence per share, meaning the highest, lowest, and volume weighted average prices were identical across all four dates. All trades were carried out on the AIMX trading venue through Shore Capital Stockbrokers Limited, acting on behalf of the company in accordance with Article 5(1)(b) of the Market Abuse Regulation as incorporated into UK law.

Treasury Share Cancellation Planned Following Completion of the October 2026 Buyback Programme

Shares acquired under the buyback programme are being held in treasury rather than being cancelled immediately. The company states that an application will be made for treasury shares to be cancelled no later than upon completion of the full buyback programme. Following the latest transactions, Power Probe holds 451,000 ordinary shares in treasury in total. The company's issued share capital now consists of 73,702,404 ordinary shares, with total voting rights standing at 73,251,404 — the difference reflecting the treasury shares, which carry no voting entitlement under UK company law.

Power Probe's Automotive Diagnostic Tools Business Underpins the AIM-Listed Group's Market Position

Founded in California in 1992, Power Probe designs and distributes over 140 products aimed at professional automotive service technicians, operating under the mission of "Simplifying Automotive Diagnostics". The group has grown into an internationally recognised brand with an EMEA regional presence, as indicated by the named EMEA Regional Director in its contact details. The company's revenue model centres on the design and distribution of specialist diagnostic tools, a segment driven by ongoing complexity in vehicle electrical systems. Investors may be watching whether the buyback programme signals management's confidence in the company's current valuation.