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IN BRIEF: Grafton extends share buyback programme length and value

ALN

Grafton Group PLC - Dublin-based building materials distributor and DIY store chain operator - Opts to extend its existing share buyback programme for a further five months to May 31 from January 31, and to increase the maximum value to £100 million from £50 million. This now takes the maximum number of shares that can be repurchased to around 15.7 million. The programme otherwise remains under the same terms as previously announced at the end of August. Says it will make further announcements in ‘due course’ following any buy back of shares.

Current stock price: 837.70 pence, down 0.9%

12-month change: up 7.3%

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