Edinburgh Investment Trust PLC (GB:EDIN) has released an update.
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Edinburgh Investment Trust PLC has bought back 50,000 of its own shares at an average price of 728p per share on the London Stock Exchange. This move increases their treasury holdings to over 48 million shares, while the total number of shares with voting rights stands at approximately 146.7 million. This buyback strategy is a common tactic for companies looking to consolidate control and potentially boost shareholder value.
For further insights into GB:EDIN stock, check out TipRanks’ Stock Analysis page.
