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An announcement from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc announced the purchase of 21,465 of its ordinary shares as part of its ongoing share buyback program. The shares, purchased at an average price of 765.52 pence, will be cancelled, reducing the total shares in issue to 394,176,607. Since the buyback program’s initiation in August 2024, Inchcape has acquired over 18 million shares at a cost exceeding £147 million. This move is part of Inchcape’s strategy to optimize capital structure and return value to shareholders.
More about Inchcape
Inchcape plc operates within the automotive distribution and retail industry, focusing on the sale and distribution of vehicles and related services. The company is involved in managing the supply chain of automotive manufacturers and delivering premium and luxury automotive services in multiple markets worldwide.
YTD Price Performance: -1.56%
Average Trading Volume: 762,471
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.98B
For an in-depth examination of INCH stock, go to TipRanks’ Stock Analysis page.
