Serco Group plc (GB:SRP) has released an update.
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Serco Group plc has made a strategic move by repurchasing 1,721,078 of its own shares, aiming to strengthen its financial position as part of an ongoing share buyback program initiated earlier this year. This latest acquisition brings the total number of shares bought back to over 76 million, indicating a robust commitment to enhancing shareholder value. The repurchased shares will be held in treasury, potentially allowing for more flexibility in capital management.
For further insights into GB:SRP stock, check out TipRanks’ Stock Analysis page.
