StockMarketWire.com - Franchise Brands said Friday it would purchase up to £200,000 of its shares as it resumed its share buyback programme from last year.

This was a continuation of the programme that commenced in 2018, when the company purchased 200,000 of shares, and would get underway today until 30 June, Franchise Brands said.

The programme was launched to offset the dilutive impact of employee share option awards, with the total number of shares currently outstanding under option arrangements at 4,533,530, or 5.8% of total shares, the company added.




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