Serco Group plc (GB:SRP) has released an update.
Serco Group plc has announced the acquisition of 477,663 of its own shares, continuing its share buyback program which commenced earlier this year. The shares were purchased through J.P. Morgan Securities plc and will be held in treasury, bringing the total number of shares in treasury to nearly 40 million. This move is part of Serco’s strategy to manage its capital structure and potentially increase shareholder value.
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