Franchise Brands (GB:FRAN) has released an update.
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Franchise Brands PLC has announced the restart of its share purchase program, aiming to mitigate share price volatility and perceived undervaluation following speculation about potential changes to Inheritance Tax legislation. Up to £5 million worth of its own shares will be bought back, with the intent to enhance shareholder value and manage dilution from share option awards. While this may delay debt reduction, the company remains committed to its financial goals, including a full debt repayment by the end of 2027.
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