Pets at Home (GB:PETS) has released an update.
Pets at Home Group Plc has launched a £25 million share buyback program to reduce its share capital, with the immediate commencement of a £12.5 million first tranche managed independently by Numis Securities Limited. The buyback is in line with shareholder authority and regulatory compliance, with a second tranche expected to be carried out by HSBC Bank plc. This move aligns with the company’s strategy following their annual results announcement and is set to conclude by September 2024.
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