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Sports Direct owner Frasers plots GBP60.0 million buyback programme

Tue, 4th May 2021 16:46

(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; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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