IP Group plc (GB:IPO) has released an update.
IP Group plc has announced the repurchase of 161,570 ordinary shares at an average price of 46.1559 pence each as part of its ongoing share buyback program. The repurchased shares will be canceled, reducing the total number of shares in circulation, which may affect shareholder calculations under regulatory rules. The company’s actions demonstrate a commitment to enhancing shareholder value by strategically managing its share capital.
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