J Sainsbury plc (GB:SBRY) has released an update.
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J Sainsbury plc has announced the buyback of 2,037,931 of its ordinary shares, with prices ranging from 268.80 to 276.40 pence per share and an average price of 271.92 pence. This move is part of the company’s ongoing share repurchase program and aligns with the instructions issued to UBS AG London Branch on 25 April 2024. The acquired shares are set to be cancelled as part of the company’s strategy to enhance shareholder value.
For further insights into GB:SBRY stock, check out TipRanks’ Stock Analysis page.
