Sports Direct kicks off share buyback

29th Jul 2016 08:21

(ShareCast News) - Sports Direct said it had bought 365,957 ordinary shares at 285.2p each as part of the buy back announced on Thursday to shore up its waning share price.The purchased shares will all be held as treasury shares, Sports Direct said in a statement. The company plans to buy back up to 29.9m shares, or about 5% of the total. Citigroup is conducting the purchases.

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