GSK plc (GSK.L) Monday said it has commenced its share repurchase program of 2 billion pounds announced on February 5, 2025.
The program, which is expected to be completed within 18 month from February 5, will start today with an initial tranche of up to 0.7 billion pounds. GSK plans to hold the shares purchased in the first tranche as Treasury shares.
The company noted that the main aim of the buyback is to reduce share capital.
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