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Serco Group Cancels Treasury Shares to Reset Shareholding Calculations
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Serco Group Cancels Treasury Shares to Reset Shareholding Calculations

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Serco Group plc ( (GB:SRP) ) just unveiled an announcement.

Serco Group plc announced the cancellation of 13,767,002 ordinary shares previously held in treasury, following which the company holds no shares in treasury and has a total of 1,023,855,243 ordinary shares with voting rights. This move may impact shareholders as it resets the denominator for calculations related to their shareholdings, aligning with the FCA’s Disclosure Guidance and Transparency Rules.

More about Serco Group plc

Serco Group plc is a company that focuses on providing innovative solutions by bringing together people, technology, and partners to tackle complex challenges. The company primarily serves governments globally and operates in sectors such as defense, space, migration, justice, healthcare, mobility, and customer services. Serco’s core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset and facilities management.

YTD Price Performance: -5.31%

Average Trading Volume: 4,271,292

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.52B

For an in-depth examination of SRP stock, go to TipRanks’ Stock Analysis page.

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