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Frasers Group PLC on Monday said it has started a share buyback programme of up to 10.0 million ordinary shares.
The FTSE-100 Derbyshire-based department store operator said the irrevocable buyback programme would be maximum £70.0 million. Frasers aims to reduce share capital via the one-month long buyback.
The company expects the buyback to end on December 8, when it plans to release its half-year results.
Frasers shares were 4.0% higher at 693.90 pence each in London on Monday morning.
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