Source - RNS
RNS Number : 9608H
Burberry Group PLC
13 June 2017
 

Burberry Group plc - Share Repurchase Programme

Burberry Group plc ("Burberry" or the "Company") announces that it will commence a share repurchase programme of the Company's ordinary shares of 0.05p each (the "Ordinary Shares") up to a maximum consideration of £50m (the "Programme").

On 12 June 2017, Burberry entered into a non-discretionary irrevocable instruction with Merrill Lynch International ("Merrill Lynch") in relation to the purchase by Merrill Lynch, acting as principal, of Ordinary Shares in the Company's share capital (the "Shares") for an aggregate purchase price of no greater than £50m and the simultaneous on-sale of such Shares by Merrill Lynch to Burberry. The purchase of shares will take place during the period commencing on 19 June 2017 and ending no later than 10 July 2017.

Any purchase of Ordinary Shares done in relation to this announcement will be carried out on the London Stock Exchange and executed in accordance with the Listing Rules and Burberry's general authority to make market purchases of Shares. Burberry will announce any market repurchase of Ordinary Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. To the extent permitted by law, Ordinary Shares purchased under the Programme will be held in treasury.

 

Enquiries

 

Investors and analysts


Charlotte Cowley

VP, Investor Relations

020 3367 3524




 

Media



Andrew Roberts

VP, Corporate Relations

020 3367 3764

Caroline Daniel

 

Brunswick

020 7404 5959

 

This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Burberry Group plc shares, in the UK, or in the US, or under the US Securities Act 1933 or in any other jurisdiction.

Burberry is listed on the London Stock Exchange (BRBY.L) and is a constituent of the FTSE 100 index. ADR symbol OTC:BURBY. 

BURBERRY, the Equestrian Knight Device and the Burberry Check are trademarks belonging to Burberry which are registered and enforced worldwide.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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