J. Boutaris & Son Holdings has announced plans to launch a share buyback programme. The Greek wine and spirits company said yesterday (18 July) that it will buy up to 500,000 shares, representing 1.93% of its share capital, between 25 July and 25 October.

Up to 471,865 ordinary shares and 28,135 preference shares will be purchased.

Both types of shares will be bought at a price of between €0.6 and €2.0 per share, Boutaris said.

The company operates four wineries in Greece and distributes brands including Veuve Clicquot in the country.