Pets at Home Group Plc has announced the commencement of the second tranche of its share buyback program. The company had previously announced a £50 million share buyback program, which would be conducted in two tranches. The second tranche will be conducted through non-discretionary instructions with HSBC Bank plc. The program will have a maximum aggregate consideration of £25 million and will run from today until 28 March 2024. The shares purchased under the program will be cancelled, and the sole purpose of the program is to reduce the company's share capital. The program is in accordance with the UK version of the EU Market Abuse Regulation and the Financial Conduct Authority's Listing Rules.