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Inchcape ( (GB:INCH) ) just unveiled an update.
Inchcape plc announced the repurchase of 210,092 ordinary shares as part of its ongoing share buyback program initiated on 1 August 2024. The company plans to cancel these shares rather than holding them in treasury, reducing the total number of shares in issue to 394,988,154. This strategic move is a part of their broader effort to enhance shareholder value, reflecting significant capital allocation towards buybacks since August, amounting to £141,619,765.48.
More about Inchcape
YTD Price Performance: 13.09%
Average Trading Volume: 807,878
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.05B
See more data about INCH stock on TipRanks’ Stock Analysis page.
