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Ashtead Group Enhances Share Buyback with Recent Repurchase
Company Announcements

Ashtead Group Enhances Share Buyback with Recent Repurchase

Story Highlights
  • Ashtead Group bought back 60,000 shares as part of a $1.5 billion repurchase program.
  • The transaction impacts share capital, with 436,299,583 shares in circulation post-purchase.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Ashtead ( (GB:AHT) ) has shared an announcement.

Ashtead Group plc has announced a recent transaction involving the repurchase of its own shares as part of its ongoing $1.5 billion share buyback program. On January 14, 2025, the company bought back 60,000 ordinary shares at varying prices between 4,893 pence and 5,104 pence per share, averaging 5,009 pence. This transaction is part of Ashtead’s strategy to manage its share capital effectively, impacting the total number of shares available in the market. Following this purchase, Ashtead holds 15,055,250 shares in Treasury, with 436,299,583 shares remaining in circulation. This move could influence shareholder calculations regarding their interests in the company under the Disclosure and Transparency Rules.

More about Ashtead

YTD Price Performance: -1.41%

Average Trading Volume: 969,701

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £21.36B

See more insights into AHT stock on TipRanks’ Stock Analysis page.

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