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Kerry Group plc ( (GB:KYGA) ) has issued an announcement.
Kerry Group plc announced the repurchase of 18,584 of its A ordinary shares on Euronext Dublin as part of its share buyback program, which aims to repurchase shares worth up to €300 million by June 2025. This strategic move is expected to optimize capital allocation and potentially enhance shareholder value by reducing the number of outstanding shares, reflecting the company’s confidence in its financial health and future growth prospects.
More about Kerry Group plc
Kerry Group plc is a company operating in the food industry, primarily focusing on the production of taste and nutrition solutions for the food, beverage, and pharmaceutical markets. It serves a global clientele, delivering products that enhance flavor and nutrition profiles, catering to consumer demand for healthier and tastier options.
YTD Price Performance: 9.79%
Average Trading Volume: 57,425
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.22B
Find detailed analytics on KYGA stock on TipRanks’ Stock Analysis page.