(Reuters) – British cybersecurity firm Darktrace Plc said on Wednesday it was commencing a buyback plan of up to 35 million shares, amounting to up to 75 million pounds ($92.36 million), which would be completed by Oct. 31.
The announcement comes a day after Darktrace’s shares slumped after a short-selling fund questioned its financial statements, to which the firm responded that it had full confidence in its accounting practices.
($1 = 0.8120 pounds)
(Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich)
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