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Pets at Home Group (PETS): Buyback programme

This situation live

PETS Pets at Home Group

£1,029m · 239.4p · +39% since the first step

24 Jun 2026 · proposed · +34% since The sole purpose of the Programme is to reduce the Company's share capital.

Capital return

Buyback programme

proposed

Kindbuyback programme

Amount£50 million

Of market value6.5%

As of 24 Jun 2026 ↗

Since Oct 2023: 122 situations of this kind – paid out 64%, went quiet 36%; median share price +5% six months after they opened

Next: Complete £25m first tranche by end of H1

Every step · 1

24 Jun 2026 proposed – The sole purpose of the Programme is to reduce the Company's share capital. ↗

What is happening

Pets at Home Group: Buyback programme – proposed. ['proposed']

In short: The dividend was rebased to a 50% payout on 31 March 2026, with the saving redirected to buybacks and total returns unchanged. The £50m buyback started on 24 June via Deutsche Bank, with shares cancelled. The company now says the first £25m will be complete by the end of H1.
Announced: 24 Jun 2026 · announced
Size: £50m buyback in two tranches
First tranche: Up to £25m via Deutsche Bank AG; 24 June to on or before 9 October 2026
Purpose: Reduce share capital; purchased shares will be cancelled
Conditions: Continuation beyond the 9 July 2026 AGM conditional on renewal of the authority
Maximum shares: 44,828,459 shares
Next milestone: Second tranche details to be announced in due course
Progress: First £25m to be complete by the end of H1

What comes next

Complete £25m first tranche by end of H1.

From the company's own announcements. Not investment advice.

Briefing Pro

New to Pets at Home Group? Get up to speed in 2 minutes.

What it does, how it got here, what management promised and delivered – written from its own announcements.

Get the PETS briefing →

Also at Pets at Home Group 2 open

Turnaround plan with targetsRetail turnaround plan – Gaining traction; Q1 FY27 Retail sales up Project milestonesPets insurance launch – FCA approval achieved; building technology Legal & regulatoryCMA vets market review – Final decision issued; no adverse impact expected · closed Insider conviction1 director buying – £49k in 1 buy · closed Insider conviction1 director buying – £50k in 1 buy · closed Pets at Home Group – company page →

This situation live

PETS Pets at Home Group

£1,029m · 239.4p · +39% since the first step

24 Jun 2026 · proposed · +34% since The sole purpose of the Programme is to reduce the Company's share capital.

Capital return

Buyback programme

proposed

Kindbuyback programme

Amount£50 million

Of market value6.5%

As of 24 Jun 2026 ↗

Since Oct 2023: 122 situations of this kind – paid out 64%, went quiet 36%; median share price +5% six months after they opened

Next: Complete £25m first tranche by end of H1

Every step · 1

24 Jun 2026 proposed – The sole purpose of the Programme is to reduce the Company's share capital. ↗

Briefing Pro

New to Pets at Home Group? Get up to speed in 2 minutes.

What it does, how it got here, what management promised and delivered – written from its own announcements.

Get the PETS briefing →

Also at Pets at Home Group 2 open

Turnaround plan with targetsRetail turnaround plan – Gaining traction; Q1 FY27 Retail sales up Project milestonesPets insurance launch – FCA approval achieved; building technology Legal & regulatoryCMA vets market review – Final decision issued; no adverse impact expected · closed Insider conviction1 director buying – £49k in 1 buy · closed Insider conviction1 director buying – £50k in 1 buy · closed Pets at Home Group – company page →