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LONDON - FirstGroup plc (LSE:FGP.L) has completed the first £25 million tranche of its previously announced share buyback program, the transport operator said in a statement on Friday.
RBC Europe Limited purchased 11,202,012 ordinary shares on behalf of FirstGroup, which are now held in Treasury. The purchases were completed on July 24, 2025, as part of the £50 million on-market share buyback program that was initially announced on June 10.
Following the completion of the first tranche, Panmure Liberum Limited will now handle the second £25 million tranche of the buyback program. The company confirmed that the second phase will be conducted according to the terms outlined in the original June announcement.
FirstGroup is a major provider of public transport services in the UK, operating bus and rail services. The company serves approximately 25% of the UK population through its bus division and runs train services through two Department for Transport contracted train operating companies: WCP (incorporating Avanti West Coast and West Coast Partnership Development) and GWR, as well as two open access routes.
The share buyback information was disclosed in a company press release.
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