Stock Market News
Domino's Pizza UK to repurchase up to £32m of its shares
Domino's Pizza Group announced on Friday that, until 31 December, it will commence a discretionary programme to purchase up to £32m of its ordinary shares.
The FTSE 250 company, which holds the master franchise for the Domino's Pizza brand in the UK, Ireland, Germany, Switzerland, Liechtenstein and Luxembourg, said the £32m represented the balance remaining of the £50m, less the £18m purchased by the firm in the year to date, as it announced on 8 March.
It said the purpose of the programme was to reduce its share capital, and accordingly the company intended to cancel the ordinary shares purchased under the programme.
"Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions," the Domino's board said in its statement.
"The company confirms that it currently has no unpublished inside information."
The aggregate maximum consideration payable by the company in respect of the purchase of shares under the programme up to 31 December would be £32m.
The maximum number of shares that could be purchased under the programme would be 49,196,705 - being the number of shares able to be purchased under the 2017 authority - less the 10,480,070 shares purchased to date under that authority.
The FTSE 250 company, which holds the master franchise for the Domino's Pizza brand in the UK, Ireland, Germany, Switzerland, Liechtenstein and Luxembourg, said the £32m represented the balance remaining of the £50m, less the £18m purchased by the firm in the year to date, as it announced on 8 March.
It said the purpose of the programme was to reduce its share capital, and accordingly the company intended to cancel the ordinary shares purchased under the programme.
"Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions," the Domino's board said in its statement.
"The company confirms that it currently has no unpublished inside information."
The aggregate maximum consideration payable by the company in respect of the purchase of shares under the programme up to 31 December would be £32m.
The maximum number of shares that could be purchased under the programme would be 49,196,705 - being the number of shares able to be purchased under the 2017 authority - less the 10,480,070 shares purchased to date under that authority.
Related share prices |
---|
Domino's Pizza Group (DOM) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price