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The latest announcement is out from Inchcape ( (GB:INCH) ).
Inchcape plc has recently executed a share buyback transaction, repurchasing 85,139 of its ordinary shares through Jefferies International Limited on January 3, 2025, at an average price of 759.52 pence per share. This move is part of a larger share buyback programme initiated on August 1, 2024, aiming to optimize the company’s capital structure. The repurchased shares will be canceled, reducing the total number of shares in issue to 394,198,072, reflecting the company’s strategic focus on enhancing shareholder value.
More about Inchcape
Inchcape plc operates in the automotive sector, specializing in the distribution, retail, and service of vehicles. The company is a leading player in the automotive industry, focusing on delivering high-quality products and services across various markets globally.
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.
