Burberry Group PLC has announced that it has purchased 187,063 of its ordinary shares from Merrill Lynch International 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 2,119.0000 pence, while the lowest price paid per share was 2,072.0000 pence, with an average price of 2,097.3429 pence. Burberry intends to cancel the purchased shares.
Following this transaction, Burberry now holds 5,232,720 of its ordinary shares in treasury and has 369,816,380 ordinary shares in issue, excluding treasury shares. The total number of voting rights in the company is now 369,816,380.
Since the share buyback program with Merrill Lynch International began, Burberry has repurchased a total of 9,230,354 ordinary shares at a weighted average price of 2,158.5144 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.