July 10 (Reuters) - Pepco Group NV :: *Q3 REVENUES OF EUR 1.1 BILLION WITH CONSTANT CURRENCY REVENUE GROWTH OF 7.7% VERSUS LAST YEAR *LIKE-FOR-LIKE $(LFL)$ REVENUES GREW BY +2.6% IN THE THIRD QUARTER, WITH GROWTH ACROSS BOTH PEPCO AND DEALZ BRANDS *GROSS MARGIN IMPROVED BY 180 BASIS POINTS YEAR-ON-YEAR IN Q3 FY25, WITH CONTINUED STRONG PROGRESS IN PEPCO *NET NEW OPENINGS OF 45 PEPCO AND DEALZ STORES IN Q3 FY25 *DEALZ REPORTED LFL SALES UP BY +5.8%, WITH POSITIVE DEMAND IN FOOD AND GM *BOARD ANNOUNCES TODAY IT WILL COMMENCE EXECUTION OF AN INITIAL SHARE BUYBACK OF UP TO EUR 50 MILLION *THE FIRST TRANCHE OF BUYBACK INTENDED TO COMMENCE ON OR AROUND 17 JULY *THE GROUP CONTINUES TO EXPECT TO OPEN ABOUT 250 NET NEW STORES ACROSS FY25 *THE PURPOSE OF THE SHARE BUYBACK: CAPITAL REDUCTION AND TO MEET OBLIGATIONS UNDER EQUITY INCENTIVE PLANS *PEPCO GROUP IS AUTHORISED TO REPURCHASE UP TO A MAXIMUM OF 57,745,193 ORDINARY SHARES UNDER THE CURRENT AGM AUTHORISATION *THE MAXIMUM PRICE, EXCLUDING EXPENSES, WHICH THE COMPANY MAY PAY FOR EACH SHARE TO BE ACQUIRED, WILL BE AN AMOUNT EQUAL TO 110% OF THE MARKET PRICE OF THE ORDINARY SHARES
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.