Inchcape (GB:INCH) has released an update.
Inchcape plc has announced the repurchase of 182,870 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. The shares, bought through Jefferies International Limited, were purchased at an average price of 760.24 pence each and will be canceled, reducing the total number of shares in circulation. This move is part of Inchcape’s broader strategy to enhance shareholder value by reducing the company’s outstanding shares.
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