Johnson Matthey (GB:JMAT) has released an update.
Johnson Matthey Plc has repurchased 144,000 of its own shares, with prices ranging from 1,503.00p to 1,537.00p per share, as part of its ongoing buyback program. The company plans to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding. This strategic financial maneuver signals Johnson Matthey’s commitment to optimizing its capital structure.
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