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GlobalData Executes Share Buyback to Optimize Shareholder Value

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GlobalData Executes Share Buyback to Optimize Shareholder Value

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GlobalData ( (GB:DATA) ) has issued an update.

GlobalData Plc announced a recent transaction involving the repurchase of over 188,000 of its ordinary shares as part of its ongoing share buyback programme. The shares were purchased at a volume-weighted average price of 196.5812 GBp and will be canceled, reducing the total number of shares in issue to approximately 829 million. This move is expected to impact shareholder value by adjusting the total voting rights and potentially influencing stock market perceptions.

More about GlobalData

GlobalData Plc operates within the data and analytics industry, offering comprehensive data-driven insights across multiple sectors. The company focuses on providing intelligence and solutions that help businesses make informed decisions.

YTD Price Performance: 3.17%

Average Trading Volume: 886,489

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £1.59B

For an in-depth examination of DATA stock, go to TipRanks’ Stock Analysis page.

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