GlobalData (GB:DATA) has released an update.
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GlobalData Plc announced the repurchase of 275,000 of its own shares at a fixed price of 205 pence each, as part of its ongoing share buyback program. This transaction will reduce the total number of shares in circulation to 834,329,833, impacting the voting rights of shareholders. Such buybacks can potentially enhance shareholder value by reducing share supply and increasing earnings per share.
For further insights into GB:DATA stock, check out TipRanks’ Stock Analysis page.
