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Bunzl Enhances Shareholder Value with Share Buyback

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Bunzl Enhances Shareholder Value with Share Buyback

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Bunzl plc ( (GB:BNZL) ) has provided an announcement.

Bunzl plc announced the purchase of 67,395 of its ordinary shares at an average price of 3,371.6136 pence per share, as part of its ongoing £200 million share buyback program. The company intends to cancel the purchased shares, impacting the total number of voting rights and shares in issue, thereby potentially affecting shareholder value and market perception.

More about Bunzl plc

Bunzl plc operates within the distribution and outsourcing services industry, providing a range of products and services primarily focused on offering supply chain solutions across various sectors, including foodservice, grocery, cleaning & hygiene, safety, and healthcare.

YTD Price Performance: 2.43%

Average Trading Volume: 766,389

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £11.25B

Learn more about BNZL stock on TipRanks’ Stock Analysis page.

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