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Bodycote ( (GB:BOY) ) has shared an update.
Bodycote plc has announced an extension to its ongoing share buyback programme, adding an additional £30 million to the existing £60 million plan, bringing the total to £90 million. This extension is to be executed by HSBC and is set to commence immediately after the current tranche concludes, with the aim of repurchasing up to 13,408,869 shares by July 2025. This move reflects Bodycote’s commitment to returning value to shareholders while maintaining compliance with regulatory frameworks, and it is anticipated to potentially enhance the company’s market positioning.
More about Bodycote
Bodycote is the world’s largest provider of thermal processing services, with over 155 accredited facilities in 22 countries. The company specializes in improving the properties of metals and alloys through Specialist Technologies and Precision Heat treatment, serving industries such as aerospace, defence, automotive, power generation, medical, oil & gas, construction, and transportation.
YTD Price Performance: 8.93%
Average Trading Volume: 353,612
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.13B
See more data about BOY stock on TipRanks’ Stock Analysis page.
