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C&C Group Plc ( (GB:CCR) ) has shared an update.
C&C Group Plc has announced the purchase and cancellation of 51,222 of its ordinary shares as part of its ongoing buyback program, with a total intended buyback value of up to €15 million by January 31, 2025. This move is part of a strategic initiative to reduce the number of outstanding shares, potentially increasing the value of remaining shares and streamlining its capital structure, which may have positive implications for stakeholders.
More about C&C Group Plc
C&C Group Plc operates in the beverage industry, focusing on the production and distribution of cider and beer. The company is known for several brands and its market focus includes the UK and Ireland.
YTD Price Performance: -4.11%
Average Trading Volume: 662,840
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £527.6M
For an in-depth examination of CCR stock, go to TipRanks’ Stock Analysis page.
