Shoe Zone launches £3.47m share buyback programme after positive trading update
Shoe Zone is set to return up to £3.47m to shareholders through a share buyback programme after reporting continued positive trading.
The footwear retailer said its cash and equivalents stood at around £7m ahead of its original budget as of 25 July. The board also maintained its expectation of an adjusted loss before tax of no more than £1m for the financial year ending 3 October.
The buyback began on 11 August and is scheduled to run until 26 October, unless the company reaches the maximum number of shares it has authority t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
