Pets at Home Group Plc has announced the purchase of 165,407 of its Ordinary Shares of £0.01 each through HSBC Bank PLC as part of its share buyback programme. The shares were bought at prices ranging from 312.8 GBp to 318.4 GBp, with a volume-weighted average price of 316.3 GBp. Following the purchase, the remaining number of Ordinary Shares in issue will be 474,822,651 with no shares held in treasury, resulting in a total voting rights of 474,822,651.
The company stated that the purchased shares will be cancelled, and the total voting rights figure may be used by shareholders to determine if they are required to notify their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
The detailed information of the individual trades made by HSBC Bank PLC as part of the Share Buyback Programme was also provided, including the number of shares purchased, transaction price per share, time of transaction, transaction reference number, and venue.
This announcement aligns with the company's strategy to optimize its capital structure and return excess cash to shareholders.