IP Group plc (GB:IPO) has released an update.
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IP Group plc has repurchased 340,000 of its ordinary shares as part of its buyback program, with prices ranging between 41.30 and 45.60 pence per share. This move is intended to reduce the number of shares in circulation, potentially enhancing shareholder value. The group’s total shares with voting rights now number 989,197,871.
For further insights into GB:IPO stock, check out TipRanks’ Stock Analysis page.