Grafton (GB:GFTU) has released an update.
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Grafton Group has furthered its buyback initiative by repurchasing 30,000 of its shares on the London Stock Exchange at an average price of £10.2241 per share, as part of its £30 million share buyback program. This recent acquisition brings the total number of shares bought back for cancellation to over 1.5 million since the program’s launch in August 2024. The strategic move aims to enhance shareholder value and optimize the company’s capital structure.
For further insights into GB:GFTU stock, check out TipRanks’ Stock Analysis page.
