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An update from IP Group plc ( (GB:IPO) ) is now available.
IP Group plc has executed a share buyback program, repurchasing 173,672 ordinary shares on the London Stock Exchange. The shares will be cancelled to reduce the total number of shares in circulation, now numbering 979,705,906 with voting rights. This move is part of an extension to the existing share buyback program announced earlier in October 2024, and it aims to enhance shareholder value by reducing the share count, which can improve earnings per share and return on equity.
More about IP Group plc
IP Group plc is a company focused on developing intellectual property-based businesses primarily in the UK. It is listed on the London Stock Exchange and engages in investing in and supporting innovative technology companies.
YTD Price Performance: -14.03%
Average Trading Volume: 3,260,207
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £489.5M
See more insights into IPO stock on TipRanks’ Stock Analysis page.
