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IN BRIEF: Pets At Home taps Numis to run £13 million buyback tranche

ALN

Pets At Home Group PLC - Cheshire, England-based operator of 450 pet care centres and 440 veterinary practices - Starts £25 million share buyback announced with its annual results late last month. The new buyback will add to £125 million in share repurchases completed in the past three years. The first tranche worth £12.5 million starts on Monday and will be completed by September 26. The first tranche will be run by broker Deutsche Numis, while Pets At Home says it expects US investment bank Jefferies to run the second tranche.

Current stock price: 259.80 pence

12-month change: down 14%

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