J Sainsbury plc (GB:SBRY) has released an update.
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J Sainsbury plc has initiated the second phase of its share buyback program, aiming to repurchase shares worth £50 million by February 2025. This move follows the successful completion of the first tranche, where £150 million worth of shares were bought back to reduce the company’s share capital. The buyback is managed by UBS AG London Branch, underlining Sainsbury’s commitment to enhancing shareholder value.
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