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Centrica Expands Share Buyback Programme with Recent Purchase
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Centrica Expands Share Buyback Programme with Recent Purchase

Story Highlights
  • Centrica operates in the energy sector with a focus on energy supply and services.
  • Centrica bought 800,000 shares in its ongoing buyback programme to enhance shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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An update from Centrica ( (GB:CNA) ) is now available.

Centrica plc announced a recent purchase of 800,000 of its own ordinary shares, valued at 133.8000 pence per share, as part of its ongoing buyback programme. This initiative, which began in August 2024, aims to enhance shareholder value by reducing the number of shares in circulation. The purchase was facilitated through Goldman Sachs International, with the shares being held as treasury shares. Since the inception of the buyback programme, Centrica has acquired over 142 million shares, reflecting a significant commitment to the programme and potentially impacting the company’s share price and investor sentiment.

More about Centrica

Centrica plc operates in the energy sector and is listed on the London Stock Exchange. The company primarily focuses on energy supply and services. Centrica is engaged in activities related to the production and distribution of energy, and it has a significant market presence in the UK.

YTD Price Performance: 0.11%

Average Trading Volume: 24,439,918

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £6.74B

For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.

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