Mike Ashley’s Frasers starts new 70 million stg share buyback

LONDON (Reuters) – British sportswear and fashion group Frasers plans to start a new share buyback programme of up to 70 million pounds ($92.6 million), it said on Monday.

The group, formerly called Sports Direct and controlled by Mike Ashley, said the programme would run until April 2022.

Ashley owns about 66% of the group’s equity.

($1 = 0.7560 pounds)

(Reporting by James Davey; editing by Jason Neely)