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IP Group plc ( (GB:IPO) ) has shared an announcement.
IP Group plc, a company listed on the London Stock Exchange, has announced the purchase of 438,096 of its ordinary shares as part of an ongoing share buyback programme. This transaction is intended to reduce the number of shares in issue, which now stands at 971,178,125 shares with voting rights. The impact of this buyback is expected to enhance shareholder value by decreasing the share count and potentially increasing earnings per share.
More about IP Group plc
YTD Price Performance: -4.45%
Average Trading Volume: 3,340,302
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £500.6M
Learn more about IPO stock on TipRanks’ Stock Analysis page.
