Inchcape (GB:INCH) has released an update.
Inchcape plc, a global distribution and retail leader in the premium and luxury automotive sectors, has actively repurchased 166,727 of its own shares on August 15, 2024, with the intention of canceling them, as part of its ongoing share buyback program initiated on August 1. Since the start of the program, Inchcape has acquired 1,914,202 shares for a total cost of £15.6 million, signaling a strong move to enhance shareholder value. Post cancellation, the company’s issued share capital will consist of 411,092,930 ordinary shares.
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