Diageo Starts Next Tranche of Return to Capital Program
November 26 2021 - 1:43AM
Dow Jones News
By Sabela Ojea
Diageo PLC said Friday that that it has started the next tranche
of its return of capital program of up to 4.5 billion pounds ($5.99
billion) to shareholders by the end of June 2024.
The liquor maker--which owns Johnnie Walker whisky and Tanqueray
gin--said it has entered into an agreement with Goldman Sachs
International to enable it to buy back shares with a value of up to
GBP550,000.
The non-discretionary agreement, which has started on Friday,
will end no later than March 4, it added.
"The purpose of the repurchases is to reduce the share capital
of Diageo and all shares repurchased under this agreement will be
cancelled," the London-listed company said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 26, 2021 02:28 ET (07:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Diageo (LSE:DGE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Diageo (LSE:DGE)
Historical Stock Chart
From Apr 2023 to Apr 2024
