India, Aug. 11 -- Vistry Group Plc (VTY.L) Monday said that it has commenced its 130 million pounds share buyback programme, which was earlier announced on September 12.
The British home construction company said that it signed a discretionary arrangement with Peel Hunt LLP to repurchase ordinary shares worth up to 15 million pounds, excluding stamp duty and expenses. Of those purchased, up to 500,000 shares will be retained in Treasury, while the remainder will be cancelled in line with the capital allocation policy, Vistry Group added.
The company said that it has also directed Peel Hunt to manage this tranche of the programme within pre-set parameters during the closed period. This will cover the period leading up to the announcement o...