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Bunzl plc ( (GB:BNZL) ) has shared an update.
Bunzl plc has executed a share buyback, purchasing 23,901 ordinary shares as part of its £200 million buyback program announced on 31 December 2024. This move, conducted through UBS AG London Branch and aligned with prior shareholder approval, reflects Bunzl’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby increasing the value of remaining shares. The company will cancel the purchased shares, leaving 330,715,920 shares in issue and affecting voting rights calculations for shareholders.
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, healthcare items, and safety products. The company primarily focuses on serving sectors such as foodservice, retail, healthcare, and cleaning across various markets globally.
YTD Price Performance: 0.36%
Average Trading Volume: 750,623
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £10.87B
See more insights into BNZL stock on TipRanks’ Stock Analysis page.
