Associated British Foods (GB:ABF) has released an update.
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Associated British Foods plc has announced an additional £100 million share buyback, extending its current repurchase program with an expected completion by 15 November 2024. Barclays Capital Securities Limited will independently execute the buyback as a riskless principal, with the aim of reducing the company’s capital through the cancellation of all repurchased shares. The transactions will be conducted in the open market based on various factors such as market conditions and share price.
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