Ashtead ( (GB:AHT) ) has shared an announcement.
Ashtead Group plc announced the repurchase of 87,000 ordinary shares as part of its $1.5 billion share repurchase program. This transaction, completed on March 31, 2025, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The repurchase was executed at an average price of 4,142 pence per share, with Barclays Bank PLC acting as the broker. Following this transaction, Ashtead holds 18,238,277 shares in Treasury, with 433,116,556 shares remaining in issue. This move may impact shareholder calculations under the Disclosure and Transparency Rules.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, providing a range of equipment and services primarily to the construction and industrial sectors. The company focuses on offering solutions that meet the diverse needs of its clients across various markets.
YTD Price Performance: -13.97%
Average Trading Volume: 1,260,419
Technical Sentiment Signal: Buy
Current Market Cap: £18.37B
For a thorough assessment of AHT stock, go to TipRanks’ Stock Analysis page.