Kerry Group plc (GB:KYGA) has released an update.
Kerry Group plc has engaged in a share buyback transaction, purchasing 23,031 of its own A ordinary shares at prices ranging between €78.25 and €79.35 each, with the shares to be cancelled following the transaction. This move is part of a larger buyback program, announced on 3 May 2024, with the company planning to repurchase up to €300 million worth of shares by 19 December 2024. The cancellation of the purchased shares will reduce the number of outstanding ordinary shares, potentially increasing the value of remaining shares.
For further insights into GB:KYGA stock, check out TipRanks’ Stock Analysis page.
