Domino's Pizza Group has launched a £20m share buyback programme to repurchase 39.47 million shares, with a maximum aggregate consideration of £20m. The programme, managed by Panmure Liberum Ltd, aims to reduce the company's share capital and deliver attractive shareholder returns by repurchasing shares at current market levels. The initiative will be reviewed later in the year.
Domino's Pizza Group Plc (DOM.L) has announced a £20m share buyback programme, aimed at repurchasing up to 39.47 million shares. The initiative, managed by Panmure Liberum Ltd, will run from September 1 until its completion and is designed to reduce the company's share capital and deliver attractive shareholder returns [2].
The share buyback programme, which has a maximum aggregate consideration of £20m, will be conducted within pre-set parameters, including trading conditions, restrictions on time and volume, disclosure obligations, and price requirements [2]. Domino's Pizza Group expects the programme to deliver shareholder returns by repurchasing shares at current market levels.
The company has reaffirmed its outlook for fiscal 2025, with the exception of year-end net debt, which is now expected between £280m and £300m [1]. This follows the company's decision last month to cut its 2025 core profit forecast to £130-140m, citing high costs and subdued customer demand.
Analysts at Peel Hunt expect the company's like-for-like sales to pick up next year, helped by the full rollout of its loyalty programme, the FIFA World Cup, and better weather [1].
The share buyback programme is part of Domino's Pizza Group's ongoing efforts to manage its share capital and deliver value to shareholders. The initiative will be reviewed later in the year.
References:
[1] https://www.rte.ie/news/business/2025/0901/1531152-dominos-pizza-results/
[2] https://www.nasdaq.com/articles/dominos-pizza-announces-gbp-20-mln-share-buyback-programme
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