IP Group plc (GB:IPO) has released an update.
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IP Group plc has actively participated in the stock market by repurchasing 96,728 of its own shares under a recently extended share buyback program, with individual shares purchased at prices ranging from 49.45 to 51 pence. Following the buyback, these shares are set to be cancelled, reducing the total number of ordinary shares in issue and impacting shareholder notification thresholds. The company has confirmed that further announcements will follow upon the completion of additional share buybacks.
For further insights into GB:IPO stock, check out TipRanks’ Stock Analysis page.
