An announcement from Kier Group plc ( (GB:KIE) ) is now available.
Kier Group plc has announced the purchase of 12,906 ordinary shares as part of its ongoing buyback programme, which began on 21 January 2025. This strategic move, executed through Peel Hunt LLP, is intended to hold the shares in treasury, enhancing the company’s financial structure and potentially increasing shareholder value. Following this transaction, Kier has acquired a total of 342,319 shares under the programme, with 452,533,071 shares representing the total voting rights in the company. This buyback initiative reflects Kier’s commitment to optimizing its capital management and could have positive implications for its market positioning and stakeholder interests.
More about Kier Group plc
Kier Group plc is a leading UK infrastructure services, construction, and property group. The company offers specialist design and build capabilities, leveraging the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of a project.
YTD Price Performance: 2.96%
Average Trading Volume: 1,578,671
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £656.3M
For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.