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Essentra ( (GB:ESNT) ) just unveiled an announcement.
Essentra plc announced the purchase of 11,500 of its ordinary shares as part of a buyback programme initiated in March 2023. These shares were acquired at a consistent price of 130.40 GBp per share from Peel Hunt LLP through the London Stock Exchange and are intended for cancellation. This move is aimed at reducing the overall number of shares in circulation, affecting the company’s total voting rights, which will be 286,717,244 following the cancellation. The buyback programme aligns with Essentra’s strategy to optimize its capital structure and enhance shareholder value.
More about Essentra
Essentra plc operates in the manufacturing sector, specializing in the production of essential components, packaging, and filters. The company focuses on providing a wide range of products that cater to various industries, including healthcare, electronics, and consumer goods.
YTD Price Performance: -20.69%
Average Trading Volume: 523,955
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £377.3M
See more insights into ESNT stock on TipRanks’ Stock Analysis page.
