Pearson (GB:PSON) has released an update.
Pearson PLC has announced the buyback of 1,240 of its own ordinary shares at an average price of 979.92p each, with transactions occurring on the London Stock Exchange via Citigroup Global Markets Limited. The acquired shares are to be cancelled as part of an ongoing buy-back programme initiated earlier this year. This strategic move aims to reduce the number of shares in circulation, potentially benefitting stock value and shareholder equity.
For further insights into GB:PSON stock, check out TipRanks’ Stock Analysis page.
