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Angling Direct Executes Share Buyback Program

Story Highlights
  • Angling Direct is a leading UK fishing tackle retailer with a strong digital presence.
  • The company bought back 40,000 shares, indicating confidence in its financial health.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Angling Direct Executes Share Buyback Program

Angling Direct Plc ( (GB:ANG) ) just unveiled an update.

Angling Direct PLC has executed a share buyback program, purchasing 40,000 of its ordinary shares at 39 pence each, which will be held in treasury. This move is part of the company’s strategic financial management, potentially enhancing shareholder value by reducing the number of shares in circulation and signaling confidence in the company’s financial health.

More about Angling Direct Plc

Angling Direct is a leading omni-channel specialist fishing tackle retailer in the UK, with a growing presence in Europe. The company operates over 50 retail stores in the UK and has a robust digital platform, including native language websites in key European markets. Angling Direct offers a wide range of fishing tackle products from top industry brands and its own brands, aiming to inspire diverse audiences to enjoy fishing.

YTD Price Performance: -2.72%

Average Trading Volume: 140,851

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £29.69M

See more data about ANG stock on TipRanks’ Stock Analysis page.

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