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IP Group plc ( (GB:IPO) ) just unveiled an announcement.
IP Group plc, listed on the London Stock Exchange, has announced the purchase of 398,013 of its own ordinary shares as part of its share buyback program. This move aims to reduce the number of shares in circulation, potentially increasing shareholder value by enhancing the earnings per share metric. Following this transaction, the company now has 974,888,255 ordinary shares in issue with voting rights, which could impact shareholder calculations under the FCA’s guidelines.
More about IP Group plc
YTD Price Performance: -0.37%
Average Trading Volume: 3,081,879
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £523.7M
See more data about IPO stock on TipRanks’ Stock Analysis page.
