Kerry Group plc (GB:KYGA) has released an update.
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Kerry Group plc has initiated a significant share buyback program, purchasing 22,403 of its A ordinary shares on Euronext Dublin at an average price of €90.6109. This move is part of a broader strategy to repurchase shares worth up to €300 million by mid-2025, aiming to enhance shareholder value and optimize the company’s capital structure. The cancellation of these shares will result in a total of 169,569,900 shares in circulation, excluding treasury shares.
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