Chemring (GB:CHG) has released an update.
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Chemring Group PLC has repurchased 115,536 of its ordinary shares at a consistent price of 350 pence per share through Investec Bank plc. This move is part of Chemring’s ongoing share buyback program, initially announced in August 2023, aimed at reducing the number of shares in circulation. The repurchased shares are set to be canceled, which could potentially enhance shareholder value by increasing earnings per share.
For further insights into GB:CHG stock, check out TipRanks’ Stock Analysis page.
