Pets at Home Group Plc (PETS.L), a British retailer selling pet food, toys, bedding, and medication, on Monday announced that it has launched a 25 million pounds share buyback programme.
The buyback will be conducted in two tranches. The first tranche of the share buyback programme will be worth up to 12.5 million pounds handled by Deutsche Numis. The buyback begins on June 9 and will end on September 26.
The company plans to appoint Jefferies International Ltd. to conduct the second tranche of share buyback programme, with additional details to follow later.
The buyback programme will operate under the authority granted at the Company's AGM on 11 July 2024, allowing for a maximum repurchase of 46,791,154 shares.
On Friday, Pets at Home closed trading 1.67% lesser at 259 pence on the London Stock Exchange.
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