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Capricorn Energy Boosts Shareholder Value with Buyback
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Capricorn Energy Boosts Shareholder Value with Buyback

Capricorn Energy PLC (GB:CNE) has released an update.

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Capricorn Energy PLC has repurchased 7,728 of its ordinary shares at an average price of £218.39 per share, as part of its ongoing share buyback program. This initiative, executed through BofA Securities, aims to reduce the total number of shares in circulation, potentially increasing the value of remaining shares. To date, the company has spent over £19.5 million on this program, reflecting a strategic move to enhance shareholder value.

For further insights into GB:CNE stock, check out TipRanks’ Stock Analysis page.

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