(Alliance News) - Frasers Group PLC said it started on Monday a new share buyback programme equal in size to one just completed.

The Sports Direct Owner said the buyback programme, worth up to GBP80.0 million, will run until July, which is when it will report its annual results for the financial year that concluded on Sunday.

In addition to the maximum spend of GBP80.0 million, Frasers said it will buy back no more than 10.0 million shares.

Frasers shares were trading at 821.00 pence each on Monday morning in London, up 3.1% on the day.

Frasers had started an earlier GBP80.0 million buyback back in February, completing that this month.

By Tom Budszus, Alliance News slot editor

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