Bodycote plc (LSE:BOY) announces a share repurchase program. Under the program, the company will repurchase up to £60 million worth of its shares. The first tranche of the program, to be carried out by HSBC Bank plc, will be for a maximum aggregate consideration of £30 million.

The first tranche of the program is anticipated to end on or before September 14, 2024. The second tranche of the program, which will be conducted after completion of the first tranche, is intended to be undertaken by Jeffries International Limited. The sole purpose of the program is to reduce the company's share capital.

The company will cancel any ordinary shares purchased.