XpresSpa Group rises on plans to repurchase 15 million shares

XWELL

31/08/2021 17:25

** Shares in spa services chain  XSPA.O  rise as much as
5.6% to $1.88, last up 3%
    ** XpresSpa says its board has authorized a stock repurchase
program for up to 15 million shares, with the plan expiring on
Sept. 15 next year  urn:newsml:reuters.com:*:nGNXjPDyK
    ** XSPA has around 105.6 million outstanding shares -
Refinitiv
    ** On its COVID-19 testing business, XSPA says increased
testing volumes and its higher-margin rapid tests resulted in a
jump in practice fees in July compared with the previous month
    ** XSPA up 54% this year after seven consecutive years of
declines

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))