Pets at Home Group Plc has announced the purchase and subsequent cancellation of 127,946 of its Ordinary Shares of £0.01 each through HSBC Bank PLC. The shares were bought at prices ranging from 276.0 GBp to 282.0 GBp, with a volume-weighted average price of 278.1 GBp. Following this transaction, the total voting rights in the company will be 468,201,652, with no shares held in treasury.
The company provided detailed information on the individual trades made by HSBC Bank PLC as part of the Share Buyback Programme, in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014. The trades were executed on the London Stock Exchange at various times and prices, with the number of shares purchased ranging from 4 to 2324.
This information is important for shareholders and others with notification obligations, as it may be used as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the company under the FCA's Disclosure Guidance and Transparency Rules.
The company's decision to repurchase its own shares and subsequently cancel them can have various implications for its financial position and shareholder value. This move may also reflect the company's confidence in its financial standing and future prospects.