Howden Joinery ( (GB:HWDN) ) just unveiled an update.
Howden Joinery Group PLC announced the repurchase and cancellation of 50,000 of its ordinary shares at an average price of 732.91 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s ongoing buyback program, which impacts the total voting rights and share capital structure. The move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Howden Joinery
Howden Joinery Group PLC operates in the home improvement industry, primarily focusing on the manufacture and sale of kitchens and joinery products. The company caters to trade professionals, offering a range of products designed to meet the needs of builders and contractors.
YTD Price Performance: -7.25%
Average Trading Volume: 1,654,814
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £4.04B
Learn more about HWDN stock on TipRanks’ Stock Analysis page.