Ashtead ( (GB:AHT) ) has provided an announcement.
Ashtead Group plc has announced the repurchase of 39,727 ordinary shares as part of its $1.5 billion share repurchase program, which was initially announced in December 2024. With this transaction, the company aims to optimize its capital structure and enhance shareholder value. Following the purchase, the company will hold 15,517,359 ordinary shares in Treasury, with 435,837,474 ordinary shares remaining in issue. This transaction is part of a broader strategy to manage shareholder interests and aligns with regulatory compliance obligations.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, providing a range of products and services primarily focused on construction and industrial sectors. The company engages in the rental, sale, and service of construction and industrial equipment across its markets.
YTD Price Performance: 7.79%
Average Trading Volume: 1,067,030
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.16B
For detailed information about AHT stock, go to TipRanks’ Stock Analysis page.