DCC announces €18.8m share buyback

DCC has purchased 1,038,311 of its own shares, representing 1.29 per cent of its issued share capital.

DCC has purchased 1,038,311 of its own shares, representing 1.29 per cent of its issued share capital.

The buyback was done at a price of €17.90 per share and at a total cost of €18.8 million - including stamp duty and commission.

The purchased shares are to be held as Treasury Shares.

DCC has now bought back a total of 10,247,231 shares, 11.61 per cent of its current issued share capital, since July 2000 at an average price per share of €11.23 and at a total cost of €116.5 million, including stamp duty and commission.