Burberry Group PLC has announced that it has purchased 506,454 of its ordinary shares from Morgan Stanley & Co International Plc on the London Stock Exchange and Multilateral Trading Facilities. The purchase was made in accordance with the authority granted by shareholders at the company's Annual General Meeting. The highest price paid per share was 1,743.0000 pence, the lowest price paid per share was 1,724.5000 pence, and the average price paid per share was 1,731.1100 pence. Burberry intends to cancel the purchased shares.
Following this transaction, Burberry holds 5,232,720 of its ordinary shares in treasury and has 361,042,262 ordinary shares in issue (excluding treasury shares). The total number of voting rights in the company will be 361,042,262. Since the share buyback program began, Burberry has repurchased 8,739,532 ordinary shares at a weighted average price of 1,800.5800 pence per share.
Burberry Group PLC is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. The company's trademarks include BURBERRY, the Equestrian Knight Device, the Burberry Check, and the Thomas Burberry Monogram and Print.