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Sports Direct-owner Frasers sets up to £80 million share buyback
ALN
Frasers Group PLC on Monday announced a share buyback of up to 10.0 million shares.
The Shirebrook, Derbyshire-based owner of the Sports Direct, Frasers and Flannels retail chains said the buyback will be maximum £80.0 million. Frasers shares rose 2.5% to 789.00 pence each on Monday morning in London.
The company said the purpose of the buyback is to reduce its share capital.
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