Pets at Home Group Plc has announced the purchase of 125,000 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 295.60 GBp to 299.80 GBp, with a volume-weighted average price of 297.0883 GBp per share. Following the purchase, the total voting rights in the company will be 466,870,023, with no shares held in treasury.
The company stated that the purchased shares will be cancelled, and the remaining number of Ordinary Shares in issue will be 466,870,023. This figure for the total number of voting rights 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.
In accordance with the Market Abuse Regulation, detailed information of the individual trades made by Deutsche Numis as part of the Share Buyback Programme was provided. The transactions included purchases at various prices and times, with the lowest transaction price being 296.20 GBp and the highest being 299.80 GBp.
Pets at Home Group Plc's announcement of the Share Buyback Programme and the subsequent purchase of its own shares demonstrates the company's commitment to enhancing shareholder value and its confidence in its long-term prospects.