Barratt Developments ( (GB:BTRW) ) has shared an announcement.
Barratt Redrow plc announced the purchase and cancellation of 120,000 ordinary shares as part of its £50 million share repurchase program. This transaction, conducted through UBS AG London Branch, reflects the company’s ongoing efforts to optimize its capital structure and enhance shareholder value. Following these purchases, Barratt Redrow has repurchased a total of 1,080,000 shares under the program, leaving the company with 1,449,958,681 ordinary shares in issue. The share buyback is expected to positively impact the company’s earnings per share and demonstrates its commitment to returning capital to shareholders.
More about Barratt Developments
Barratt Redrow plc operates in the homebuilding industry, focusing on the development and sale of residential properties. The company is known for constructing a wide range of homes across the UK, catering to various market segments, including first-time buyers, families, and luxury home seekers.
YTD Price Performance: -3.41%
Average Trading Volume: 4,470,687
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.1B
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