St. James's Place PLC (STJ.L), a financial company, said on Monday that it is commencing a drive to repurchase its shares for a maximum consideration of GBP 95.5 million to reduce the capital of St. James's Place.
The program will begin on August 11 and end no later than December 31.
The share repurchases will be carried out through an agreement with Merrill Lynch International, or MLI, pursuant to which MLI will purchase STJ shares as riskless principal.
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