Paddy Power Betfair shares repurchasing on track

Paddy Power Betfair is making good progress with its two-phase share buy-back program, reporting in a stock advisory Monday that the initial share buy-back tranche of GBP 200 million that commenced on 29 May 2018 has now completed, with the repurchase of a total 2,429,174 ordinary shares in the company, all of which have been cancelled.

Further to the announcement on 8 August 2018 in relation to the second buy-back programme tranche of GBP 300 million (see previous report) to be undertaken by Goodbody Stockbrokers UC, the group confirms the commencement of this second phase programme.

Any shares repurchased in this phase will also be cancelled. Details of any shares repurchased will be notified to a Regulatory Information Service by the company following any repurchase.

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