Retailer JB Hi-Fi plans to buy back about $27 million of its shares to help strengthen its capital position.
The company said it would buy up to 1.44 million shares from the market between May 26 and June 30, as part of its commitment to actively manage its capital position, and taking account of solid earnings growth.
The buy back will offset the dilutionary impact of shares issued to employees during the current financial year, JB Hi-Fi said.
AAP
