Rathbones Group Plc (RAT.L), a wealth and investment management firm, on Wednesday announced the launch of a share buyback programme of up to 20 million pounds.
The programme was previously outlined in the company's full-year results announced in February.
The buyback will be conducted under the shareholder authority granted at the company's annual general meeting held on May 7.
The company said the purpose of the buyback is to reduce its share capital.
Rathbones closed trading 17.01% lesser at GBp 1,620 on the London Stock Exchange.
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