(Alliance News) - Frasers Group PLC on Tuesday said it plans to buyback GBP60 million in stock to reduce its share capital.
The Sports Direct owner said the maximum number of shares it can repurchase is 10.0 million.
"The purpose of the programme is to reduce the share capital of the company," Frasers said.
Shares in the company closed 5.7% higher at 545.00 pence each in London on Tuesday.
By Eric Cunha; email@example.com
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