Essentra ( (GB:ESNT) ) has shared an announcement.
Essentra plc has executed a share buyback, repurchasing 11,500 of its ordinary shares at a price of 123.8 GBp per share as part of its ongoing Buyback Programme. This transaction, conducted through Peel Hunt LLP, aims to enhance shareholder value by reducing the number of shares in circulation, thus increasing each remaining share’s value and voting power. The completion of this buyback will result in a total of 286,567,744 ordinary shares in issue, impacting the company’s market operations by altering the denominator for shareholders’ interest notifications under regulatory rules.
More about Essentra
Essentra plc operates in the manufacturing industry, primarily focusing on the production and distribution of essential components and solutions. The company caters to various markets, providing specialized products that meet the needs of diverse industries.
YTD Price Performance: -6.32%
Average Trading Volume: 541,821
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £357.1M
See more data about ESNT stock on TipRanks’ Stock Analysis page.