Grafton (GB:GFTU) has released an update.
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Grafton Group has repurchased 35,000 of its own shares at an average price of £9.3805 as part of its £30 million share buyback program. This move indicates the company’s confidence in its market value and aims to enhance shareholder value by reducing the number of shares in circulation. Since the program’s commencement, Grafton has bought back over 2.3 million shares.
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