Diageo: kicks off share buyback program.
(CercleFinance.com) - Diageo has kicked off its share buyback plans to repurchase up to 1.
5 billion pounds worth of shares over the fiscal year ending 30 June 2018.
For this purpose, the spirits company has entered into an agreement with Morgan Stanley, from today, which is scheduled to end by 31 March 2018.
The purpose of the buy-back program is to reduce the company's share capital, with all shares purchased set to be cancelled, the company said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
5 billion pounds worth of shares over the fiscal year ending 30 June 2018.
For this purpose, the spirits company has entered into an agreement with Morgan Stanley, from today, which is scheduled to end by 31 March 2018.
The purpose of the buy-back program is to reduce the company's share capital, with all shares purchased set to be cancelled, the company said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.