Kainos Group plc (GB:KNOS) has released an update.
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Kainos Group plc has repurchased 28,400 of its ordinary shares at prices ranging between 820 and 850 pence per share, with a weighted average price of 827.3551 pence. This move is part of their ongoing buyback program, announced earlier this month, and the repurchased shares are set to be canceled. Such strategic buybacks are often aimed at boosting shareholder value by reducing the total number of shares outstanding.
For further insights into GB:KNOS stock, check out TipRanks’ Stock Analysis page.
