Bunzl plc ( (GB:BNZL) ) just unveiled an update.
Bunzl plc has announced the completion of the first £50 million tranche of its £200 million share buyback programme for 2025, with plans to repurchase an additional £150 million worth of shares by the end of the year. This move is aimed at reducing the company’s issued share capital and is managed by UBS AG London Branch, adhering to UK Listing Rules and Market Abuse Regulations. The buyback is expected to impact Bunzl’s market positioning by potentially increasing shareholder value and optimizing capital structure.
More about Bunzl plc
Bunzl plc operates in the distribution and outsourcing industry, providing a wide range of products including packaging, cleaning and hygiene supplies, and personal protection equipment. The company focuses on delivering essential products and services across various market sectors, including foodservice, retail, and healthcare.
YTD Price Performance: 2.18%
Average Trading Volume: 768,662
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.03B
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