Essentra (GB:ESNT) has released an update.
Essentra plc has recently bought back 11,500 of its own ordinary shares at a unified price, with plans to cancel them, thus reducing the total number of shares in issue and potentially increasing the value for existing shareholders. Following the planned cancellation, the total number of voting rights in Essentra will be 287,786,244. This strategic move is part of a buyback program initiated in March 2023, signaling the company’s confidence in its financial health and future prospects.
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