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Mike Ashley's Frasers starts share buyback of up to 60 mln pounds - Reuters UK

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Soccer Football - Premier League - Tottenham Hotspur v Newcastle United - Tottenham Hotspur Stadium, London, Britain - September 27, 2020 Newcastle United owner Mike Ashley in the stands Pool via REUTERS/Andrew Boyers

Frasers Group (FRAS.L), the British sportswear retailer controlled by Mike Ashley, will start a new share buyback programme of up to 60 million pounds ($83.3 million), it said on Tuesday.

The purpose of the programme is to reduce the share capital of the company.

Ashley owns 63.5% of Frasers' equity.

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Mike Ashley's Frasers starts share buyback of up to 60 mln pounds - Reuters UK
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