Finance
Woodie’s owner announces new £50 million share buyback
The purpose of the buyback is to reduce the share capital of Grafton Group
Grafton Group has said it will introduce a third share buyback this year.
The Woodies owners said it has entered into non-discretionary arrangements with Goodbody Stockbrokers (acting as agent) and Numis Securities (acting as principal) to conduct a share buyback programme and to buy back ordinary shares for a maximum aggregate consideration of up to £50 million.
The purpose of the buyback is to reduce the share capital of the company in line with today’s ...
