The Pharmaceutical Journal
Vol 268 No 7189 p349-354
16 March 2002

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Boots plans to buy back shares

The Boots Company announced this week that it is to return £300m to shareholders through a share buy back programme. Steve Russell, the company's chief executive, said on 12 March: "This is just one way in which we are aiming to enhance value for shareholders. The company is highly cash generative and remains well-placed to invest in future growth opportunities." The programme, at the current share price of 617.5p, represents 5.4 per cent of the company's share capital.