tiprankstipranks
Eurocell Plc Executes Share Buyback to Optimize Capital Structure
Company Announcements

Eurocell Plc Executes Share Buyback to Optimize Capital Structure

Story Highlights
  • Eurocell plc conducted a share buyback, purchasing 13,737 shares at 160 pence each.
  • The buyback leaves Eurocell with 101,726,759 voting shares, impacting shareholder calculations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Stay Ahead of the Market:

Eurocell ( (GB:ECEL) ) just unveiled an announcement.

Eurocell plc, a company listed on the London Stock Exchange, announced a transaction involving a buyback of its shares. The buyback entailed purchasing 13,737 ordinary shares at a consistent price of 160 pence per share, resulting in a total of 1,342,000 shares held in treasury. Consequently, Eurocell’s issued share capital now consists of 101,726,759 shares, which is also the total number of voting rights available. This move is part of the company’s strategy to manage its share capital efficiently, which may influence shareholder decisions and align with regulatory requirements under the Financial Conduct Authority’s rules.

More about Eurocell

YTD Price Performance: -7.60%

Average Trading Volume: 256,740

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £165.9M

See more data about ECEL stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles