Mike Ashleys Frasers starts new 70 mln stg share buyback – Reuters

LONDON, Dec 13 (Reuters) – British sportswear and fashion group Frasers (FRAS.L) plans to start a new share buyback programme of up to 70 million pounds ($92.6 million), it said on Monday.

The group, formerly called Sports Direct and controlled by Mike Ashley, said the programme would run until April 2022.

Ashley owns about 66% of the group’s equity.

($1 = 0.7560 pounds)

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Reporting by James Davey; editing by Jason Neely

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