Frasers Group Plc (GB:FRAS) has released an update.
Frasers Group Plc has announced the launch of a new share buyback programme, committing up to £80 million to repurchase as many as 10 million ordinary shares. The initiative is aimed at reducing the company’s share capital, with the repurchased shares being held in treasury until they are either cancelled or re-issued. This buyback programme, which is executed within the parameters set by the shareholders’ authority and the Listing Rules, could represent a significant portion of daily trading volume on the London Stock Exchange.
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