The Berkeley Group Holdings plc (BKG.L), a British property developer, on Thursday announced a share buyback programme of up to 25 million pounds as part of its ongoing shareholder returns programme.
The programme will run from May 1 to no later than June 24.
The company said that all shares repurchased under the programme will be cancelled, with the aim of reducing the company's share capital.
The company has entered into an agreement with Barclays Bank PLC, which will execute the programme independently, enabling share purchases during the closed period.
The Berkeley Group closed trading 3.58% lesser at GBp 3,120 on the London Stock Exchange.
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