ITV plc ( (GB:ITV) ) just unveiled an update.
ITV plc announced the purchase of 2,686,394 of its ordinary shares as part of its ongoing share buyback program, which was authorized by shareholders in May 2024. This move is part of ITV’s strategy to manage its capital structure and return value to shareholders, with the purchased shares intended for cancellation. Following this transaction, ITV holds over 120 million shares in treasury, with a total of approximately 3.75 billion shares in issue. The buyback program, initiated in March 2024, has seen the repurchase of over 309 million shares, reflecting ITV’s commitment to enhancing shareholder value.
More about ITV plc
ITV plc operates in the media and entertainment industry, primarily focusing on television broadcasting and production. The company is known for its wide array of television programming and content creation, catering to a diverse audience in the UK and internationally.
YTD Price Performance: -3.19%
Average Trading Volume: 7,482,770
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £2.65B
See more data about ITV stock on TipRanks’ Stock Analysis page.