London Stock Exchange announces £750 million share buyback drive

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London Stock Exchange Group Plc on Friday announced a share repurchase programme with a total value of up to £750 million ($912 million) to reduce the company’s share capital. The move is intended for voting ordinary shares of 6.79-6.86 pence each, the company said in a statement. The drive is expected to be completed over a period up to one year in multiple tranches, with the launch of the first tranche on Friday. For the first tranche, expected to be completed by December 5, LSE has instructed Goldman Sachs to purchase the shares with a value of up to £250 million. The company intends to ent…

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