Home Retail Group Buys Back 200,000 Shares/Average 233.66P

19th Jul 2010 08:15

LONDON (Dow Jones)--Home Retail Group PLC (HOME.LN), the U.K. high street retailer that owns Argos and Homebase, said Monday that on July 16, it purchased 200,000 of its Ordinary shares at prices between 236.30 pence and 230.50 pence. MAIN FACTS: -Purchase, including stamp duty and other transaction costs, represented an average price of 233.66 pence per share and GBP468,011 in total; this has been funded from Group cash resources. -Purchased shares will be cancelled. -Shares at 0710 GMT down 1.3 pence, or 0.6%, at 229.3 pence valuing the company at GBP1.94 billion. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 19, 2010 03:15 ET (07:15 GMT)