FirstGroup plc announces an Equity Buyback for £75 million worth of its shares.

FirstGroup plc (LSE:FGP) announces a share repurchase program. Under the program, the company has entered into entering into a non-discretionary arrangement with Liberum Capital Limited and RBC Europe Limited to repurchase up to £75 million worth of its shares. The sole purpose of the program is to reduce the issued share capital of the Group and therefore the repurchased shares will initially be held in Treasury, before being cancelled at a later date.

The program will end no later than December 18, 2023.