Smiths Group plc (GB:SMIN) has released an update.
Smiths Group plc has actively bought back its own shares from the market, specifically purchasing a substantial number of shares on the London Stock Exchange through J.P. Morgan Securities. The shares were acquired at varying prices within a specified range and are slated to be cancelled as part of the company’s efforts to manage its equity structure. This move comes as part of the company’s previously announced intentions and is in line with regulatory market abuse regulations.
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