City round up: Sandy Chadha sells small chunk of Supreme shares; Pets at Home buyback enters phase two
The founder and CEO of AIM listed Supreme has sold sold 1,600,000 ordinary shares in the business to an institutional shareholder to meet investor demand.
Sandy Chadha, Chief Executive Officer of the consumer goods and vape products manufacturer sold 1,600,000 ordinary shares of 10p each (“Ordinary Shares”) at 160p per Ordinary Share to an institutional shareholder to meet investor demand.
Following this disposal, he retains an interest in 65,666,845 Ordinary Shares, representing approximately 56.31% of the issued share capital of the Company.
::
Pets at Home
Pets at Home has started the second phase of its £25 million share buyback programme.
HSBC Bank have been instructed to conduct a share buyback programme on the company’s behalf to acquire shares worth £12.5 million.
The Second Tranche Programme will commence today (14 October 2024), and will end on or before 27 March 2025.
The sole purpose of the programme is to reduce the company’s share capital.
The board has decided that the shares purchased pursuant to the programme will be cancelled.
