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Grafton ( (GB:GFTU) ) has issued an announcement.
Grafton Group plc, a company participating in the share buyback market, has proceeded with the cancellation of 34,484 of its ordinary shares on the London Stock Exchange. This is part of its £30 million share buyback programme that began in August 2024. The transactions were conducted through Numis Securities Limited, with the shares being purchased at a volume-weighted average price of £9.6335. This move reflects Grafton’s ongoing commitment to optimizing its capital structure, a strategy that could potentially enhance shareholder value by reducing the number of outstanding shares.
More about Grafton
YTD Price Performance: 9.48%
Average Trading Volume: 394,039
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.9B
See more insights into GFTU stock on TipRanks’ Stock Analysis page.
