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Frasers to repurchase up to 10m shares in new buyback programme
(Sharecast News) - Sports Direct owner Frasers Group launched a new share buyback programme on Monday, with the business set to repurchase up to £80.0m worth of ordinary shares. Frasers buyback scheme will run from 29 April until immediately before entering a close period in the lead-up to the publication of its preliminary results
The London-listed group, which launched the buyback programme in order to reduce its capital, will hold the as many as 10.0m freshly purchased shares in treasury pending cancellation or re-issue.
As of 0935 BST, Frasers shares were up 3.27% at 822.0p.
Reporting by Iain Gilbert at Sharecast.com
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