Pets at Home Group Plc has disclosed the purchase of 150,000 of its Ordinary Shares of £0.01 each through Deutsche Numis as part of its Share Buyback Programme. The shares were bought at prices ranging from 305.60 GBp to 311.80 GBp, with a volume-weighted average price of 308.5298 GBp per share. Following the purchase, the company will have 465,427,396 Ordinary Shares in issue, with no shares held in treasury, resulting in a total of 465,427,396 voting rights in the company.
The company provided detailed information on the individual trades made by Deutsche Numis as part of the Share Buyback Programme, including the number of ordinary shares purchased, transaction prices, and the time of each transaction. This information is in line with the Market Abuse Regulation and can be used by shareholders and others with notification obligations for transparency and disclosure rules.
The disclosed transactions provide insight into the company's efforts to manage its capital structure and optimize its capital allocation. This move may also indicate the company's confidence in its financial position and future cash flows, as well as its commitment to enhancing shareholder value.