CVS Group plc (CVSGF,CVSG.L), a provider of veterinary services, announced on Tuesday the launch of a share buyback programme with an allocation of up to 50 million pounds to repurchase ordinary shares.
The maximum number of shares available for repurchase under the programme is 6,040,012 shares.
The share buyback programme is expected to be completed by November 24.
The company said the programme is intended to return surplus capital to shareholders and reduce its share capital under its capital allocation policy.
The purchases will be conducted on the London Stock Exchange and other trading venues.
On Friday, CVS Group closed trading 0.84% higher at GBp 1,199 on the London Stock Exchange.
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