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Caledonia Investments PLC ( (GB:CLDN) ) has provided an update.
Caledonia Investments PLC, a British investment trust company, announced the repurchase of 35,708 of its own ordinary shares, which were acquired at an average price of 3814.57 pence per share through J.P. Morgan Securities. The purchased shares will be cancelled, reducing the total number of shares with voting rights to 53,300,309. This buyback could be seen as a move to consolidate the company’s share capital and potentially enhance shareholder value.
More about Caledonia Investments PLC
YTD Price Performance: 10.52%
Technical Sentiment Consensus Rating: Strong Sell
For an in-depth examination of CLDN stock, go to TipRanks’ Stock Analysis page.
