The latest update is out from Centrica ( (GB:CNA) ).
Centrica plc has announced an extension of its share buyback program by £500 million, bringing the total to £2.0 billion, to be completed by the end of 2025. The company has amended its agreement with Merrill Lynch to facilitate this extension, with the repurchase period now ending on 13 June 2025. Additionally, Centrica has completed a significant share repurchase through Goldman Sachs, buying 181,529,791 ordinary shares at an average price of 126.70 pence per share, totaling approximately £230 million. This move is likely to impact the company’s financial structure and shareholder value positively.
More about Centrica
Centrica plc is a company listed on the London Stock Exchange, primarily operating in the energy sector. It is involved in the supply of electricity and gas, as well as energy-related services, focusing on the UK market.
YTD Price Performance: 11.90%
Average Trading Volume: 25,209,743
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7.47B
For a thorough assessment of CNA stock, go to TipRanks’ Stock Analysis page.