The latest update is out from ITV plc ( (GB:ITV) ).
ITV plc has repurchased 3,011,800 of its ordinary shares as part of its ongoing share buyback programme, which was authorized by shareholders in May 2024. This transaction, conducted through Morgan Stanley & Co. International Plc, 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 buyback, ITV holds 120,479,277 shares in treasury, and the total number of voting rights in the company stands at 3,744,639,566. The share buyback programme, initiated in March 2024, has seen ITV repurchase a total of 316,269,628 shares at a weighted average price of 72.86 pence per share, indicating a significant commitment to enhancing shareholder value.
More about ITV plc
ITV plc operates in the broadcasting industry, primarily focusing on television production and broadcasting services. The company is known for its wide range of entertainment, drama, and news programming, catering to a diverse audience in the UK and internationally.
YTD Price Performance: -3.40%
Average Trading Volume: 7,689,378
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.64B
See more data about ITV stock on TipRanks’ Stock Analysis page.