22nd Nov 2024 08:39
J Sainsbury PLC - London-based supermarket chain - Launches final quarter of its GBP200 million share buyback programme. The GBP50 million buyback will be run by UBS AG. It will start on Friday and be completed by February 24, just prior to Sainsbury's financial year-end of March 1. The first tranche of the buyback was started in April and completed in October. Sainsbury bought back 54.8 million shares for GBP150 million in total. The buyback is solely to reduce share capital.
Current stock price: 251.20 pence, up 1.8% in London early Friday
12-month change: down 6.0%
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.