|
Centrica PLC on Tuesday said it has appointed investment bankers Goldman Sachs International to conduct a £200 million first tranche of its new share buyback programme. The £200 million will buy back up to 568.6 million shares, about 2.4% of Centrica’s existing shares, it said. Centrica shares were up 1.5% to 154.70 pence early Tuesday in London, giving the company a market capitalisation of £8.50 billion. The tranche is part of the £450 million 2023-24 buyback programme that Centrica announced back in July. On Monday, the company said it had completed the programme it had announced in April, spending £302.1 million in total to buy back shares. Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
