WH Smith shareholders approve buy-back

WH Smith shareholders approve buy-back

Shareholders in WH Smith yesterday approved the company's plan to buy back up to 28.5 million of its ordinary shares, about 10 per cent of its issued share capital. The company said last month the earliest date it would make share purchases would be after its results statement scheduled for 27 August. WH Smith is still seeking a new chief executive to replace Bill Cockburn but could announce an appointment as early as next month.