16th Sep 2024 11:11
(Alliance News) - Wickes Group PLC on Monday said that it has completed the second tranche of its GBP25 million share buyback programme.
The Watford, England-based building supplies retailer said that between March 19 and September 13, a total of 8.3 million shares were repurchased for cancellation at an average price of 149.8 pence per share, and a total cost of GBP12.5 million.
This represents 3.2% of Wickes Group's issued share capital when the buyback programme began.
Over the course of both tranches of the programme, 17.6 million shares were repurchased for cancellation at an average price of 142.3p per share. This represents 6.8% of the group's issued share capital at the start of the buyback.
Shares in Wickes were trading 0.6% higher at 174.80 pence each in London on Monday morning. The company has a market-cap of GBP423.2 million.
By Holly Beveridge, Alliance News senior reporter
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