Glanbia (GLAPF) has released an update.
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Glanbia plc, a leader in nutrition products, has recently announced the buyback of 44,000 of its ordinary shares at a volume weighted average price of €15.4114 per share, as part of its larger €50 million share repurchase program set to run until December 2024. The shares acquired on Euronext Dublin will be cancelled, reducing the total shares in circulation and potentially increasing the value of remaining shares. This move is part of a strategy to return value to shareholders and reflects the company’s confidence in its financial health.
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