IN BRIEF: Marks & Spencer tenders GBP350.3 million in share buyback

Wed, 01st Jun 2022 12:00

Marks & Spencer Group PLC - London-based food and clothing retailer - Tenders a total of GBP350.3 million in share buyback of notes. GBP100.6 million of 3% notes are due in 2023, while GBP249.7 million of 4.75% notes are due in 2025. "The expected tender offer settlement date is June 6, 2022," the company explains.

Current stock price: 150.19 pence, up 0.2% on Wednesday

12-month change: down 6.0%

By Tom Budszus; tombudszus@alliancenews.com

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