FirstGroup plc (LSE:FGP) announces a share repurchase program. Under the program, the company will repurchase up to 476,190,476 shares, representing 38.9% of its share capital, for ?500 million. The tender price will be ?105 pence per share. The company intends to cancel all of the shares repurchased under the offer. The offer is subject to the approval of shareholders, which will be sought at a general meeting of the company to be held on November 18, 2021. The offer will expire on November 29, 2021.