Barclays Launches Buyback Program of Up to GBP700Mln
March 19 2021 - 3:41AM
Dow Jones News
By Sabela Ojea
Barclays PLC said Friday that it has launched a share buyback
program to purchase shares of 25 pence (34.8 U.S. cents) each for
up to 700 million ($975 million) pounds.
The FTSE-100 listed bank said the buyback program will end no
later than Aug. 4.
"The purpose of the buyback is to reduce the share capital of
the company and therefore ordinary shares purchased under the
buy-back will be cancelled," the lender said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 19, 2021 03:26 ET (07:26 GMT)
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