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SThree plc ( (GB:STEM) ) has issued an announcement.
SThree plc has announced the commencement of a £20 million share buyback program, aiming to reduce the company’s share capital by purchasing and canceling its ordinary shares. The decision, deemed beneficial for shareholders, will return surplus capital while preserving the company’s ability to invest in strategic growth, with the execution of the buyback program being managed independently by appointed brokers within pre-set parameters.
More about SThree plc
SThree plc operates in the recruitment industry, specializing in providing staffing services primarily focused on the science, technology, engineering, and mathematics (STEM) sectors. The company is dedicated to connecting businesses with skilled professionals in these high-demand fields.
YTD Price Performance: -34.66%
Average Trading Volume: 269,117
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £348.4M
Learn more about STEM stock on TipRanks’ Stock Analysis page.
