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Kainos Group plc ( (GB:KNOS) ) just unveiled an update.
Kainos Group plc has announced the purchase of 29,502 of its ordinary shares as part of a buyback programme. The buyback, executed through Investec Bank plc, saw shares purchased at prices ranging from 751 to 791 pence, with a weighted average price of 763.4326 pence. This action is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
More about Kainos Group plc
Kainos Group plc operates in the IT services and software solutions industry, focusing on providing digital transformation services and platforms. The company primarily serves markets in the UK and Europe, offering solutions that enhance business efficiency and customer engagement.
YTD Price Performance: -2.22%
Average Trading Volume: 355,533
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.01B
Learn more about KNOS stock on TipRanks’ Stock Analysis page.