tiprankstipranks
Centrica Enhances Shareholder Value Through Strategic Buyback
Company Announcements

Centrica Enhances Shareholder Value Through Strategic Buyback

Story Highlights

Don't Miss Our Christmas Offers:

Centrica ( (GB:CNA) ) has issued an update.

Centrica plc has announced the repurchase of 1,644,816 of its ordinary shares at a price of 126.2100 pence per share, as part of its ongoing share buyback program. This initiative, executed through Goldman Sachs International, totals 125,396,584 shares repurchased since August 2024, costing approximately £152.5 million. The repurchase aims to strengthen Centrica’s capital structure and provide greater value to shareholders by holding the acquired shares as treasury shares.

More about Centrica

Centrica plc is a prominent energy company listed on the London Stock Exchange. The company is involved in the supply of energy and services to over 25 million customer accounts in the UK, Ireland, and North America. It is known for its focus on renewable energy and innovation in delivering sustainable energy solutions.

YTD Price Performance: -8.25%

Average Trading Volume: 25,340,808

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £6.32B

See more data about CNA stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskCentrica Strengthens Shareholder Value with Continued Share Buyback
TipRanks UK Auto-Generated NewsdeskCentrica Advances Share Buyback Program with Latest Purchase
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App