Johnson Matthey (GB:JMAT) has released an update.
Johnson Matthey Plc has repurchased 152,001 of its ordinary shares, with prices ranging from 1,483.00p to 1,510.00p, as part of its ongoing buyback program on the London Stock Exchange. These shares, acquired with the assistance of Citigroup Global Markets Limited, will be cancelled, potentially impacting the company’s stock value and market perception. This strategic move aims to optimize shareholder value, reflecting a calculated approach to capital management.
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