UK grocer Morrisons has revealed its latest share repurchase.
The retailer has purchased 500,000 ordinary shares at an average price of 295.35 pence per share, it said yesterday (21 June).
Following the purchase, the company will have 2.61bn shares in issue. Morrisons holds no ordinary shares in Treasury.
Morrisons announced plans in March to buy-back some GBP1bn in shares over the next two years and increase its dividend by a double-digit percentage over the next three years.
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