Leading speciality retail jeweller Signet Group plc (Signet) announces that it is commencing a buyback of its Ordinary Shares of 0.05p. The Shares will either be cancelled, or held in treasury.
The Company is targeting to return approximately £50 million before its fiscal year end on 3 February 2007.
Signet operated 1,837 speciality retail jewellery stores at 29 April 2006; these included 1,246 stores in the US, where the Group trades as “Kay Jewelers”, “Jared The Galleria Of Jewelry” and under a number of regional names. At that date Signet operated 591 stores in the UK, where the Group trades as “H.Samuel”, “Ernest Jones” and “Leslie Davis”.
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