J Sainsbury (GB) (GB:SBRY) has released an update.
J Sainsbury plc has launched a £200 million share buyback programme, set to conclude by the end of the financial year on 1 March 2025, with an initial tranche worth £150 million starting on 26 April 2024. The buyback aims to reduce the company’s share capital by cancelling the repurchased shares, and UBS AG London Branch has been appointed to manage the operations independently. This programme adheres to the authority granted at the company’s annual general meeting on 6 July 2023.
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