Mike Ashley's Frasers starts share buyback of up to 60 million pounds

Mike Ashley's Frasers starts share buyback of up to 60 million pounds - Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

By Reuters

Published on 04/05/2021 - 10:00•Updated 24/04/2024 - 22:50

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LONDON (Reuters) - Frasers Group, the British sportswear retailer controlled by Mike Ashley, will start a new share buyback programme of up to 60 million pounds ($83.3 million), it said on Tuesday.

The purpose of the programme is to reduce the share capital of the company.