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IN BRIEF: Frasers launches new buyback for up to £80 million

ALN

Frasers Group PLC - Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains - Announces intention to commence new share buyback programme with Deutsche Numis, from Monday up to and including the last trading day before its financial year ends on April 28. Says it will repurchase a maximum of 10.0 million shares, for a total purchase price no greater than £80.0 million.

Current stock price: 797.00 pence, up 1.7% on Monday morning

12-month change: up 4.7%

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