Victoria’s Secret approves $250M new share repurchase program

Victoria’s Secret & Co. announced that its Board of Directors unanimously approved a new share repurchase program authorizing the repurchase of up to $250M of the Company’s common stock. Shares repurchased under the January 2023 Share Repurchase Program will be made in the open market, subject to market conditions and other factors. The January 2023 Share Repurchase Program is eligible to begin upon exhaustion of the current $250M share repurchase program which is scheduled to be completed by the end of January 2023. Shares acquired through the January 2023 Share Repurchase Program will be available to meet obligations under equity compensation plans and for general corporate purposes. The January 2023 Share Repurchase Program will continue until exhausted, but no later than the end of FY23.