Pets at Home Group (PETS): Buyback programme

What is happening

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

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 · under way

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

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 →

Ask PETS Beta

Ask anything about Pets at Home Group

Answered from its own announcements and reported figures, every statement linked to its source.

Ask

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