Finance

Kindred repurchases 138,000 shares as buy-back programme continues

| By Robert Fletcher
Kindred Group has repurchased a further 138,000 shares as part of a buy-back programme that is due to run until the end of April.

Announced in February, the initiative will see the operator repurchase up to 2,000,000 of its own shares for as much as SEK190m (£16.0m/€18.7m/$22.3m).

In its latest round of repurchasing, which ran from 8-12 March, Kindred bought back 138,000 shares fro SEK18.6m.

Since the programme launched in 1 March, Kindred has repurchased a total of 842,000.

Share repurchases as part of the initiative are being made on Sweden’s Nasdaq Stockholm, with the operator permitted to spend up to SEK190m.

Following the programme, Kindred said it intends to cancel the repurchased shares, subject to approval at its annual general meeting in May.

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