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Sainsbury’s Share Buyback and Cancellation Plan

Sainsbury’s Share Buyback and Cancellation Plan

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

J Sainsbury plc has announced the acquisition of 49,358 of its own ordinary shares as part of its ongoing share buyback program, with individual share prices ranging from 261.80 to 262.20 pence. Following the buyback, the company plans to cancel the purchased shares, in a move aimed to benefit current shareholders. The detailed transactions have been published and are available for review through the London Stock Exchange link provided in the announcement.

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

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