Grafton Group Advances £30 Million Share Buyback

Grafton (GB:GFTU) has released an update.

Grafton Group has executed a share buyback, acquiring 35,000 ordinary shares on the London Stock Exchange at an average price of £9.7049 per share, as part of its £30 million buyback program. This move is part of Grafton’s ongoing strategy to enhance shareholder value, having already repurchased over 2 million shares. The buyback could potentially impact the company’s stock price by reducing the number of shares in circulation, which is often viewed positively by investors.

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