Associated British Foods plc (ABF.L) on Wednesday said it has commenced the second tranche of its £250 million share buyback programme.
The second tranche, worth up to £125 million, is expected to end no later than August 14, 2026.
The company has entered into a non-discretionary arrangement with Barclays Capital Securities Limited to execute the buyback.
It added that the sole purpose of the programme is to reduce its share capital, and all shares repurchased will be cancelled.
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