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GlobalData ( (GB:DATA) ) just unveiled an announcement.
GlobalData Plc has executed a share buyback program, purchasing 508,600 of its ordinary shares through Investec Bank plc. The buyback, conducted at prices ranging from 143.50 to 148.00 GBp per share, will result in the cancellation of these shares, reducing the total number of shares in issue to 813,826,140. This move is part of GlobalData’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing the ownership percentage of remaining shareholders.
More about GlobalData
GlobalData Plc operates in the data analytics and consulting industry, providing insights and analysis across various sectors. The company focuses on delivering business intelligence and data-driven solutions to help organizations make informed decisions.
YTD Price Performance: -23.31%
Average Trading Volume: 1,480,272
Technical Sentiment Signal: Buy
Current Market Cap: £1.16B
See more data about DATA stock on TipRanks’ Stock Analysis page.
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