Domino’s has announced the completion of a £45m share buyback programme first commenced on 9 March 2021.
Finalised on 13 September 2021, the multinational pizza restaurant chain repurchased 11,762,066 ordinary shares during the period.
Following completion of the buyback programme, the group immediately commenced a discretionary programme to purchase up to £35m of the company’s ordinary shares.
Domino’s attributed the reasons for the share repurchasing to “reduce the company’s share capital” and in turn “cancel the ordinary shares purchased under the programme”.
In a London Stock Exchange filing, the firm claimed that the maximum number of shares to be purchased under the new programme is 38,534,104.
This number represents the amount of shares available for purchase prior to 22 July 2022 minus the shares repurchased since 22 April 2021.