Pets at Home Group Plc has announced the purchase of 125,000 of its Ordinary Shares of £0.01 each through its share buyback program. The shares were bought at prices ranging from 302.8 GBp to 307.8 GBp, with a volume-weighted average price of 304.9606 GBp per share. Following the purchase, the total number of Ordinary Shares in issue will be 467,786,542 with no shares held in treasury, resulting in a total voting rights of 467,786,542.
The company has provided detailed information on the individual trades made as part of the Share Buyback Programme, including the number of shares purchased, transaction prices per share, and the time of each transaction. This information is in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation).
The announcement also states that the purchased shares will be cancelled. The figure for the total number of voting rights may be used by shareholders and others with notification obligations 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.
Pets at Home Group Plc's share buyback program and the purchase of its own shares demonstrate the company's commitment to returning value to its shareholders and its confidence in its financial position.