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Ashtead ( (GB:AHT) ) has issued an update.
Ashtead Group plc announced a recent transaction as part of its $1.5 billion share repurchase program, buying back 40,000 ordinary shares at an average price of 5,264 pence per share. This transaction is part of the company’s effort to manage its share capital, and it holds 15,437,842 shares in treasury, with 435,916,991 ordinary shares remaining in issue. This strategic move could influence shareholder calculations under the Disclosure and Transparency Rules, impacting market perceptions and investor relations.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, providing a range of construction and industrial equipment. The company focuses on markets primarily in the United States and the United Kingdom, serving various sectors that require rental equipment solutions.
YTD Price Performance: 5.44%
Average Trading Volume: 1,051,520
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £22.66B
See more insights into AHT stock on TipRanks’ Stock Analysis page.
