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Paddy Power Betfair begins £500m share buyback programme

29th May 2018 8:59 am GMT

London-listed betting and gaming operator Paddy Power Betfair has launched the first tranche of its £500m share buyback programme.

As announced by the company earlier this month, Paddy Power Betfair plans to return the cash to shareholders over the next 12 to 18 months in a number of tranches, beginning with an initial £200m buyback. 

This has seen the company enter into irrevocable, non-discretionary arrangements with Goldman Sachs International to repurchase ordinary shares on its behalf.

It will [...]

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