The latest update is out from Centrica ( (GB:CNA) ).
Centrica plc has announced the purchase of 4,196,495 of its own ordinary shares at a price of 149.04 pence per share, as part of its ongoing 2024-25 buyback program. This transaction, executed through Merrill Lynch International, reflects Centrica’s strategic efforts to manage its share capital and potentially enhance shareholder value. Following this purchase, Centrica holds 454,305,345 shares in treasury, with 5,038,801,869 ordinary shares remaining in issue. The buyback is expected to impact the company’s financial structure and market perception positively.
More about Centrica
Centrica plc is a British multinational energy and services company, primarily involved in the supply of electricity and gas to consumers and businesses. It operates in the energy sector and is listed on the London Stock Exchange.
YTD Price Performance: 11.90%
Average Trading Volume: 25,209,743
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.47B
For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.