# Frasers Group new share buyback programme

- Link: https://www.directorstalkinterviews.com/frasers-group-new-share-buyback-programme/4121106861
- Published: 2023-02-20T07:36:53+00:00
- Author: Giles

Frase[rs Group Plc](https://www.directorstalkinterviews.com/ftse-company/rs-group/rs1.l)(
LON:FRAS) has announced today that it intends to commence a new share buyback programme
from today’s date for the period up to and including the last trading day prior 
to the Company’s financial year end on 30th April 2023.

The aggregate purchase price of all shares acquired under the Programme will be 
no greater than £80,000,000. The maximum number of shares that may be purchased 
under the Programme will be 10,000,000 ordinary shares.

The purpose of the Programme is to reduce the share capital of the Frasers Group.

The Programme will be conducted within certain pre-set parameters, and in accordance
with the general authority to repurchase shares granted by the Company’s shareholders
at the 2022 annual general meeting and Chapter 12 of the Listing Rules. A buy-back
of ordinary shares on any trading day may exceed the 25% of the average daily trading
volume specified in the provisions of the Market Abuse Regulation 596/2014/EU dealing
with buyback programmes. The shares repurchased by the Frasers will be held in treasury
pending cancellation or re-issue.

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