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Centrica ( (GB:CNA) ) has provided an update.
Centrica plc announced the purchase of 300,000 of its own ordinary shares at a price of 133.9900 pence each, as part of its ongoing share buyback program. This initiative, facilitated through Goldman Sachs International, is part of a broader strategy initiated in August 2024 to repurchase shares, aimed at bolstering shareholder value and improving capital management. Following this transaction, Centrica holds 490,713,667 shares in treasury, with a total of 5,077,393,547 shares in issue. The buyback program underscores Centrica’s commitment to optimizing its capital structure, which may positively influence its market position and stakeholder confidence.
More about Centrica
Centrica plc is a prominent energy company listed on the London Stock Exchange, primarily engaged in providing energy solutions and services. The company has a significant presence in the UK energy market and focuses on delivering energy supply, services, and solutions for homes and businesses.
YTD Price Performance: -0.11%
Average Trading Volume: 24,180,267
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.68B
See more insights into CNA stock on TipRanks’ Stock Analysis page.
