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LONDON - FirstGroup plc (LSE:FGP.L) announced Friday it has completed its £50 million share buyback program that was initiated on June 10, 2025.
The transport operator repurchased 22,439,652 shares at an average price of 222.81 pence per share, according to a company press release. The total consideration for the buyback amounted to £49,997,469.
FirstGroup, a major provider of public transport services in the UK, operates First Bus, one of the country’s largest bus operators, and First Rail, which runs train services through several operating companies including Avanti West Coast and Great Western Railway (GWR).
The company also operates two open access rail routes through Hull Trains and Lumo. FirstGroup reported revenue of £5.1 billion in fiscal year 2025 and transports approximately 2 million passengers daily with its workforce of around 29,000 employees.
The completed share buyback program represents one of several capital allocation decisions made by the company in recent months. FirstGroup serves more than 25% of the UK population with its fleet of approximately 6,000 buses and coaches, while its rail division operates about 1,800 locomotives and rail carriages.
The company has previously announced commitments to operate a zero-emission First Bus commercial fleet by 2035 and support the UK Government’s goal to remove all diesel-only trains from service by 2040.
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