Haleon PLC (HLN.L), a consumer healthcare company, said on Thursday that it is commencing a second tranche of its share repurchase drive to repurchase shares for up to £280 million at £0.01 per share.
The company will repurchase around £130 million of shares and cancel the same.
In addition, around £150 million of shares will be repurchased to satisfy Haleon's obligations under its existing employee share plans in 2026 and 2027. These shares will be held as treasury shares.
The second tranche will commence immediately and end on or before December 1.
This share repurchase program aims to reduce the company's share capital.
In connection with the second tranche, Haleon has inked a deal with Citigroup Global Markets Limited, for the purchase by Citi of the shares.
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