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Inchcape ( (GB:INCH) ) has shared an update.
Inchcape plc has executed a share buyback program, purchasing 198,322 of its ordinary shares on 27 December 2024. This transaction is part of a larger buyback initiative announced on 1 August 2024, which has seen the company repurchase a total of 18,570,604 shares at a cost of £145,894,162.79. The shares acquired are intended for cancellation, reducing the total number of shares in issue to 394,436,528. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Inchcape
Inchcape plc operates in the automotive distribution and retail industry, offering a variety of services related to the sale and servicing of vehicles. The company primarily focuses on distributing and retailing vehicles across multiple global markets.
YTD Price Performance: 12.21%
Average Trading Volume: 792,167
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.02B
Find detailed analytics on INCH stock on TipRanks’ Stock Analysis page.
