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Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape plc has announced a share buyback transaction where it purchased 49,961 of its ordinary shares at a weighted average price of 763.29 pence per share. This move is part of the company’s ongoing share buyback programme initiated on August 1, 2024, and aims to cancel the purchased shares, reducing the total number of shares in issue to 394,283,211. Since the programme began, Inchcape has bought back 18,723,921 shares at a total cost of £147,063,486.14, which reflects the company’s strategic initiative to enhance shareholder value.
More about Inchcape
Inchcape plc operates in the automotive industry, focusing on the distribution, retail, and services related to vehicles. It provides a range of automotive products and services to various markets worldwide.
YTD Price Performance: 0.0%
Average Trading Volume: 774,610
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.03B
Learn more about INCH stock on TipRanks’ Stock Analysis page.
