IP Group plc (GB:IPO) has released an update.
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IP Group plc has repurchased 258,000 of its own shares on the London Stock Exchange as part of its ongoing share buyback programme. The repurchased shares, priced at an average of 45.83 pence per share, will be cancelled to reduce the total number of shares in issue. This strategic move is aimed at enhancing shareholder value by decreasing the supply of shares in the market.
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