Smiths Group Executes Share Buyback to Optimize Capital Structure

Smiths Group plc ( (GB:SMIN) ) has issued an update.

Smiths Group plc announced the repurchase of its ordinary shares on the London Stock Exchange, executed through J.P. Morgan Securities plc. The repurchased shares, totaling 99,225, will be canceled, which is part of a strategic move to manage the company’s capital structure and potentially enhance shareholder value.

More about Smiths Group plc

Smiths Group plc is a global leader in engineering, operating for over 170 years with a focus on creating a safer, more efficient, and better-connected world. The company serves major markets including Energy, General Industry, Safety & Security, and Aerospace, employing over 15,000 people across more than 50 countries.

YTD Price Performance: 13.44%

Average Trading Volume: 1,211,558

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £6.61B

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