Travis Perkins extends share buyback programme by £70m
Travis Perkins
718.00p
17:05 18/04/24
0.42%
3.00p
Travis Perkins said on Tuesday that it was extending its share buyback programme by £70m.
FTSE 250
19,450.67
17:14 18/04/24
n/a
n/a
FTSE 350
4,334.00
17:14 18/04/24
n/a
n/a
FTSE All-Share
4,290.02
16:54 18/04/24
n/a
n/a
General Retailers
3,805.00
17:14 18/04/24
1.36%
50.88
The builders’ merchant will extend its initial £100m share buyback programme and this will also be returned through a buyback of Travis Perkins ordinary shares.
The company said it will update shareholders on its capital return programme at the full-year results in March next year and "remains committed to returning to shareholders the net proceeds from the disposal of its plumbing & heating distribution business".
Since the start of the initial period of the buyback programme on 1 October, the group has bought back just over 3.8m ordinary shares for around £58m.