Sainsbury’s continues share buyback, plans cancellation

J Sainsbury plc (GB: SBRY) posted an update.

J Sainsbury plc announced the purchase of 1,525,855 of its own ordinary shares at prices ranging from 257.00 to 259.40 pence per share, with an average price of 257.92 pence. This repurchase is part of the Company’s ongoing share repurchase program, with the intention of canceling the acquired shares, as previously outlined in the April 25 instructions to the London branch of UBS AG.

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