Barratt Developments To Repurchase Up To 200 Mln Pounds Of Shares

Barratt Developments Plc (BDEV.L), a British residential property development firm, on Wednesday announced plans to buy back shares of up to 200 million pounds.

The company intends to complete the program before June 30, 2023, with an objective to reduce the share capital.

In the initial tranche, the property company has instructed Credit Suisse International to purchase up to 50 million pounds of its ordinary shares for 10 pence per share during the period from September 8 to November 16.

The maximum number of shares that the Barratt may repurchase is 101.95 million.

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