Smiths Group plc (GB:SMIN) has released an update.
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Smiths Group plc has announced the repurchase of 149,228 of its own shares on the London Stock Exchange as part of a buyback program, with plans to cancel these shares. This strategic move is aimed at enhancing shareholder value by reducing the number of outstanding shares and improving earnings per share. The transactions were executed through J.P. Morgan Securities plc, reflecting Smiths Group’s commitment to optimizing its capital structure.
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