World: Diageo announces first tranche of buyback programme

Diageo said on August 10 it had entered into an agreement with Citigroup to execute the first tranche of the company's buyback programme, the Shares Magazine reported.

The agreement commenced on August 10 and is expected to end no later than 31 January 2019, Diageo said.

Diageo will buy back about £1.4 bln of shares, and further tranches are expected to be announced during the financial year ending 30 June 2019.

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