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IN BRIEF: Pets at Home begin £25 million second tranche of buybacks

ALN

Pets at Home Group PLC - Handforth, England-based pet supplies retailer - Begins second tranche of share buybacks worth £25 million. Buybacks will end on or before March 5, 2023. Says ‘sole purpose’ of buybacks is to reduce its share capital. Any shares purchased under the programme will be cancelled. Buyback will be undertaken by HSBC Bank PLC. First tranche of the £50 million total, undertaken by Numis Securities Ltd, has been completed.

Current stock price: 275.20 pence, down 0.5% on Wednesday

12-month change: down 43%

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