J Sainsbury plc (SBRY.L), a retail company, on Friday announced the launch of a share buyback programme of up to 92 million pounds.
The buyback is expected to commence on November 7 and be completed by February 28, 2026.
The company aims to reduce its share capital through the Programme and intends to cancel the repurchased ordinary shares.
The programme will be conducted under the authority granted to its Board at the annual general meeting on July 3, which permits the repurchase of up to 233,769,100 shares.
On Thursday, J Sainsbury closed trading, 5.52% higher at $355.80 on the London Stock Exchange.
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