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Sainsbury’s Continues Share Buyback and Cancellation
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Sainsbury’s Continues Share Buyback and Cancellation

J Sainsbury plc (GB:SBRY) has released an update.

J Sainsbury plc has announced the buyback of 2,818,725 of its ordinary shares at prices ranging from 257.60 to 260.00 pence per share, with an average cost of 259.02 pence each. These transactions are part of the company’s ongoing share buyback program, and the acquired shares are set to be cancelled. This move is in line with the previously issued instructions to UBS AG London Branch on 25 April 2024.

For further insights into GB:SBRY stock, check out TipRanks’ Stock Analysis page.

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