North East challenger bank Virgin Money has launched its first share buyback programme, with the lender set to repurchase up to £75m worth of shares
In a stock market announcement the group, which has its head office in Newcastle, said it would buy back shares with an initial repurchase of ordinary shares at 10p each.
The buyback is expected to start on June 30 and will end no later than December 17. Following the announcement Virgin Money shares rose around 2.5% to 131.5p.
