Balfour Beatty (GB:BBY) has released an update.
Balfour Beatty, the international infrastructure group, has announced the purchase of 117,728 of its ordinary shares at a volume weighted average price of 412.8768 GBp, as part of its ongoing share buyback program. The repurchased shares will be held in treasury, reducing the number of ordinary shares in issue and thus the total voting rights in the company. This move comes as part of a broader initiative to repurchase 22,019,802 shares, reflecting the company’s commitment to shareholder value.
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