COVID-19 & Suspension of Share Buyback-Replacement

RNS Number : 1731H

Frasers Group PLC

23 March 2020

 

The headline for the announcement released on 23/03/20 at 7am under RNS No 1236H has since been amended.

The announcement text is unchanged and is reproduced in full below.

Date: 23 March 2020

Frasers Group Plc

("Frasers Group" or the "Company")

COVID-19 AND SUSPENSION OF SHARE BUYBACK

Following Friday's announcement which substantially underplayed the effect of the COVID-19 virus on retail when considering the actions that the government has taken since the announcement and will most likely take in the coming days, the Company has decided to suspend its share buyback with immediate effect.

The Company will continue to look at all options to maintain shareholder value and support.

Ends. 

Frasers Group Plc Tom Piper, Company Secretary LEI: 213800JEGHHEAXIJDX34

T. 0344 245 9200 E.  [e-mail]

 

END

 

 

POSDZGZFRFKGGZG