Balfour Beatty (GB:BBY) has released an update.
Balfour Beatty, the international infrastructure group, has repurchased 19,536,253 of its ordinary shares at an average price of 355.1692 pence per share as part of its ongoing share buyback program, with the latest purchase reducing the total number of ordinary shares in issue (excluding treasury shares). The shares bought back will be held in treasury, meaning they will carry no voting rights. These transactions are a part of the company’s strategy to return value to shareholders and manage its capital efficiently.
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