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Bunzl plc ( (GB:BNZL) ) has issued an update.
Bunzl plc announced the repurchase of 89,398 of its ordinary shares as part of a £200 million share buyback program. These shares, purchased through UBS AG London Branch on the London Stock Exchange, will be canceled. This transaction reduces the total number of shares, potentially increasing shareholder value, and aligns with Bunzl’s strategy to optimize its capital structure.
More about Bunzl plc
Bunzl plc is a multinational distribution and outsourcing company that provides products across various sectors, including food service, grocery, cleaning and hygiene, and personal protection equipment. It focuses on delivering essential services and supplies to businesses globally.
YTD Price Performance: 2.43%
Average Trading Volume: 766,389
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £11.25B
See more insights into BNZL stock on TipRanks’ Stock Analysis page.
