WHS launches share buyback scheme

Written By: Graeme Neill Publication Date: Wed, 31/08/2011 - 08:15 W H Smith has announced it is embarking on a share buyback scheme worth £50m for the next financial year. It did not disclose reasons for the initiative but it is a similar scheme to one it ran in the 2011 financial year, when it bought back £55m-worth of shares. The retailer said: "The buy back programme will be managed by an independent third party, which makes its trading decisions independently of, and uninfluenced by, the company." Continue reading at 'The Bookseller'

[ The Bookseller | 2011-08-31 00:00:00 UTC ]
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