Pets At Home Community PLC, headquartered in Cheshire, England, operates a network of 450 pet care centers and 440 veterinary clinics. Recently, the company announced a £25 million share buyback program following the release of it’s annual financial results last month. This new initiative will complement the £125 million in share repurchases that have been executed over the past three years. The initial phase of this buyback, valued at £12.5 million, is set to commence on Monday and is expected to conclude by September 26. Deutsche Numis will facilitate this first tranche, while Pets At home anticipates that US investment bank Jefferies will manage the second tranche.
Current stock price: 259.80 pence
Performance over the past year: down 14%
By Tom Waite, Editor at alliance News
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