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Birmingham Post

Business

Jon Robinson

Pets at Home kicks off £50m plan

Pets at Home has announced the start of its plans to buy back £50m worth of shares from its investors.

The Cheshire-headquartered retailer first revealed it would carry out a share buyback programme when it announced its full year results in May.

A share buyback can be seen as an alternative, tax-efficient way to return money to shareholders. Once shares are repurchased they are considered cancelled, but they can be kept for redistribution in the future.

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