Howden Joinery ( (GB:HWDN) ) has shared an update.
Howden Joinery Group PLC has announced a £100 million share buy-back programme, with the first phase involving the repurchase of up to £50 million worth of shares. This initiative is part of Howdens’ capital allocation strategy to reduce share capital while continuing to invest in its infrastructure and deliver progressive dividends. The programme will be executed by Deutsche Numis and aligns with regulatory requirements, aiming to enhance shareholder value by cancelling repurchased shares or transferring them into treasury.
More about Howden Joinery
Howden Joinery Group PLC operates in the home improvement industry, primarily focusing on the design and manufacturing of kitchens and joinery products. The company is known for its market focus on trade professionals, offering a wide range of products through its extensive network of depots.
YTD Price Performance: -7.31%
Average Trading Volume: 1,640,233
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £4B
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