Associated British Foods Proceeds with Share Buyback

Associated British Foods ( (GB:ABF) ) has shared an announcement.

Associated British Foods plc announced the repurchase of 242,317 of its ordinary shares, part of a share buyback program authorized by shareholders and executed through UBS AG London. The shares were bought on January 14, 2025, at an average price of 1,960.3965 pence per share, and the company plans to cancel them, aligning share value and enhancing return on equity, potentially benefiting stakeholders by optimizing capital structure.

More about Associated British Foods

Associated British Foods plc is a diversified group operating in the food processing and retail industries. They produce a wide range of products, including food ingredients, sugar, agriculture products, and operate a retail division known for the Primark brand.

YTD Price Performance: -3.92%

Average Trading Volume: 1,140,815

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £14.01B

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