St. James's Place plc (STJ.L, STJPF), a wealth management company, on Monday announced the launch of a share buyback programme to repurchase its ordinary shares for a maximum consideration of 122.6 million pounds.
The programme will commence on March 2 and run until no later than August 31.
The company said that the sole purpose of the buy-back is to reduce the company's share capital.
On Friday, St. James's Place closed trading 2.07% lesser at GBp 1,350 on the London Stock Exchange.
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