IP Group plc (GB:IPO) has released an update.
IP Group plc has executed a share buyback, repurchasing 245,000 ordinary shares at an average price of 46.5582 pence as part of its ongoing buyback programme. These shares will be cancelled, reducing the total number of shares in circulation to approximately 992.9 million. This strategic move is part of IP Group’s efforts to optimize its capital structure and enhance shareholder value.
For further insights into GB:IPO stock, check out TipRanks’ Stock Analysis page.
