Baltic Classifieds Group Plc (GB:BCG) has released an update.
Baltic Classifieds Group PLC has recently completed a share buyback program, acquiring 91,998 of its own ordinary shares at prices ranging from 254.5000p to 258.0000p per share, subsequently cancelling them. This transaction has left the company with 488,180,628 ordinary shares remaining in issue, without any held in treasury, setting the new total number of voting rights. Such financial maneuvers can indicate the company’s confidence in its intrinsic value and potentially impact its stock market performance.
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