ITV plc (GB:ITV) has released an update.
ITV plc has actively bought back 256,383 of its own shares at prices ranging between 80.65 and 81.05 pence, with the intention to cancel them, thus reducing the total number of shares in issue and potentially increasing the value of remaining shares. The September 18 transaction is part of a larger buyback program initiated on March 7, 2024, which has seen ITV repurchase over 129 million shares to date. This buyback activity reflects ITV’s ongoing capital management strategy and may influence shareholder value and voting rights.
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