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I’ve heard you’re returning £1bn to shareholders?

April 26, 2017heard I’ve returning Shareholders

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I’ve heard you’re returning £1bn to shareholders?

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We intend to buy back up to 10% of our shares in the market and cancel them. At the current share price this could cost around £1bn but this will depend on the number of shares finally bought back and the price at which this happens. Shareholders who do not sell their holding will not receive money directly. However, they will own a larger percentage of the Company than they did before.