LONDON (dpa-AFX) - British industrial equipment rental company Ashtead Group plc (AHT.L) Tuesday said it will buyback $500 million of shares through April 30, 2024.
'At our Q3 results on 7 March 2023, the Group set out initial plans for gross capital expenditure in 2023/24 to be in the range of $4.0 - 4.4bn. In addition, the Group continues to be acquisitive with a strong pipeline of potential acquisitions,' Ashtead said.
Towards the share repurchase, the company has entered into an arrangement with Barclays Bank PLC to buyback shares on behalf of the company.
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