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Kerry Group plc ( (GB:KYGA) ) has provided an update.
Kerry Group plc announced a purchase of 24,355 of its A ordinary shares on Euronext Dublin, as part of its existing share buyback program valued at up to €300 million. This strategic move, which leads to the cancellation of repurchased shares, is aimed at optimizing the company’s capital structure and potentially increasing shareholder value by reducing the number of shares in circulation.
More about Kerry Group plc
Kerry Group plc is a company operating in the food and beverage industry, primarily focused on developing and manufacturing taste and nutrition solutions for the global food, beverage, and pharmaceutical markets.
YTD Price Performance: 9.68%
Average Trading Volume: 57,476
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.46B
For an in-depth examination of KYGA stock, go to TipRanks’ Stock Analysis page.
