Frasers Group (GB:FRAS) has released an update.
Frasers Group PLC has announced the initiation of a new share buyback program in partnership with Barclays Bank PLC, with a cap of £80 million and a maximum of 10 million shares to be repurchased. The buyback program, which will run until the company reports its final results for the fiscal year ending on April 28, 2024, aims to reduce the company’s share capital. The repurchased shares will be held in treasury with the possibility of cancellation or re-issue, in line with the authority granted by shareholders and regulatory rules.
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