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Investing.com -- Shares of Domino’s Pizza Group (LON:DOM) rose more than 4% on Monday after the company announced a £20 million share buyback program.
The program, which began immediately after the announcement, will run until completion and is intended to reduce the company’s share capital.
Domino’s said it will purchase up to 39,471,274 ordinary shares of 25/48 pence each, with all repurchased shares to be canceled.
The buyback will be conducted on the London Stock Exchange under the authority granted by shareholders at the company’s annual general meeting in April.
That authorization expires at the next annual general meeting in 2026 or, if earlier, on July 24, 2026.
Domino’s appointed Panmure Liberum Limited to manage the transactions within the program’s set parameters, including during closed periods.
The group said expectations for fiscal year 2025 remain unchanged, except for year-end net debt, which is now expected to be between £280 million and £300 million.