Irish agri-services group Origin Enterprises has announced the commencement of a share buyback programme to repurchase up to €20 million in ordinary shares.

The move follows the passing of the resolution at its annual general meeting last week. Goodbody Stockbrokers will handle the programme, which will begin on Tuesday and may continue until July 29th.

The length of the programme will be subject to market conditions, the ongoing capital requirements of the business, and termination provisions customary for arrangements of this nature.

The purpose of the programme is to reduce the share capital of the company. The repurchased ordinary shares will be held in treasury pending their cancellation or re-issue in due course.