Diageo has purchased 550,000 of its ordinary shares at a price of 822.69 pence per share. All of the shares, purchased through CSFB Europe, will be held as treasury shares.
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Following this purchase, Diageo now holds 85,490,000 ordinary shares as treasury shares.
The company announced yesterday that it intended to put in place an irrevocable, non-discretionary programme allowing the company to buy back shares during the close period before it publishes its preliminary results on 1 September. This is the first time that Diageo has established such a programme.
