J Sainsbury Completes First Buyback Tranche

J Sainsbury plc (GB:SBRY) has released an update.

J Sainsbury plc has successfully completed the first tranche of its share buyback programme, purchasing 54,797,296 ordinary shares at an average price of 263.3215p for cancellation. This marks the conclusion of the £150 million initial phase of the planned £200 million buyback, with the remaining £50 million to be executed by the end of the financial year. The latest acquisition of 1,158,726 shares on October 14, at prices ranging from 271.80p to 275.00p, signifies the end of this tranche.

For further insights into GB:SBRY stock, check out TipRanks’ Stock Analysis page.