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ITV plc ( (GB:ITV) ) has shared an announcement.
ITV plc announced the purchase of 3,417,770 of its ordinary shares as part of its share buyback program. The move is aimed at reducing the number of shares in circulation, which can potentially increase shareholder value. This transaction leaves ITV with a total of 120,479,277 shares held in treasury and reflects a broader strategy to manage its equity base by repurchasing a total of 284,600,155 shares since the program’s start.
More about ITV plc
ITV plc operates within the media and entertainment industry, primarily focusing on television broadcasting and production. The company offers a range of content services, including television programming and advertising opportunities, and is a significant player in the UK market.
YTD Price Performance: -4.14%
Average Trading Volume: 10,839,879
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.64B
Learn more about ITV stock on TipRanks’ Stock Analysis page.
