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Angling Direct Plc ( (GB:ANG) ) has provided an announcement.
Angling Direct PLC has executed a share buyback program, purchasing 60,000 of its ordinary shares at 38 pence per share, which will be held in treasury. This move is part of their strategy to manage capital effectively, possibly enhancing shareholder value and influencing the company’s share price. With a total issued share capital of 77,267,304 ordinary shares, the buyback affects the total shares carrying voting rights, now standing at 75,644,304. This action could impact stakeholders, including shareholders, by possibly increasing their ownership percentages and influencing market perceptions.
More about Angling Direct Plc
Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an expanding presence in Europe. The company offers a vast range of fishing tackle products and related equipment through over 50 UK retail stores and a robust digital platform, including the MyAD Fishing Club app. It also operates three local language websites in key European markets, supported by an international distribution center in the Netherlands.
YTD Price Performance: -2.47%
Average Trading Volume: 108,640
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £29.9M
See more data about ANG stock on TipRanks’ Stock Analysis page.
