DCC plc (DCC.L) said it will commence a Share Buyback Programme to repurchase ordinary shares of the company up to a maximum aggregate consideration of 100 million pounds. This forms part of the intention to return 800 million pounds of capital from the sale of DCC Healthcare to shareholders.
The company has entered into agreements with J&E Davy and UBS AG London Branch to act as principal to conduct the Programme and to repurchase shares on the company's behalf. The Banks will make purchases of the shares under the Programme independently of, and uninfluenced by, the company.
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