Princes Group, the Liverpool-based international tuna, food and beverage giant, which joined the London Stock Exchange in November, announced on Friday that it is launching a share buyback programme and has allocated up to £25 million to the programme.

“The purpose of the Share Buyback Programme is to fulfil a number of corporate purposes, including, but not limited to, the satisfaction of its Employee SAYE scheme which will be rolled out later this year.

“As such, all Ordinary Shares repurchased by the Group under the Share Buyback Programme will be held in treasury …

“The Share Buyback Programme is expected to operate until 27 August 2027, unless completed earlier or extended.”

On May 19, shares of Princes Group fell as much as 13% after it announced that Simon Harrison was stepping down as chief executive officer from June 30, 2026, “to pursue a new opportunity.”

Harrison worked at Princes for five years, including the last two years as CEO.

Princes Group, owned by Italian food firm Newlat, is best known for its Princes Tuna and Napolina brands, but also owns Crisp N Dry and licenses brands including Branston, Batchelors and Flora. It is the largest supplier of edible oils in the UK and sells nearly a billion cans of food a year.

Headquartered in Liverpool, Princes Group generated £1.92 billion pro forma revenues in 2025, employs 7,800 people and operates 24 production facilities across the UK, continental Europe and Mauritius, supported by 21 warehouses and distribution centres and three offices in the UK, Poland, and the Netherlands.