South Africa, Jan. 30 -- Famous Brands intends to repurchase approximately 5% of its issued share capital at current share price levels, commencing 1 February 2026.

This would represent the maximum number of shares permitted to be repurchased as approved by shareholders.

Over time, it intends to deliver a reduction in the equity base, providing an ongoing source of shareholder returns in addition to cash dividends.

Darren Hele, Famous Brands CEO, says the launch is an important milestone in their capital allocation framework.

" The continued deleveraging of our balance sheet and investments has set us up for improved strategic and operational execution across the value chain. Disciplined capital allocation has strengthened our balance...