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Kainos Group Announces Share Buyback and Cancellation
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Kainos Group Announces Share Buyback and Cancellation

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Kainos Group plc ( (GB:KNOS) ) has shared an update.

Kainos Group PLC, a company operating in the software and IT services industry, has announced the purchase of 30,000 of its own ordinary shares at prices ranging from 800 to 835 pence per share as part of a previously announced buyback programme. The company intends to cancel these shares, which could potentially lead to an increase in the value of the remaining shares and demonstrate the company’s confidence in its financial health and future prospects.

More about Kainos Group plc

YTD Price Performance: -24.86%

Average Trading Volume: 357,165

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.02B

See more data about KNOS stock on TipRanks’ Stock Analysis page.

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