tiprankstipranks

Syncona Executes Share Buyback to Optimize Capital Structure

Story Highlights
Syncona Executes Share Buyback to Optimize Capital Structure

An update from Syncona Shs GBP ( (GB:SYNC) ) is now available.

Syncona Limited has executed a share buyback program, purchasing 150,000 of its ordinary shares at a price of 94.314 GBp per share through Deutsche Numis. The repurchased shares will be held in treasury, reducing the total voting rights to 617,045,995. This move is part of Syncona’s strategy to manage its capital structure and potentially enhance shareholder value.

More about Syncona Shs GBP

Syncona Limited is a leading life science investor focused on creating, building, and scaling a portfolio of global leaders in life sciences. The company aims to deliver transformational treatments to patients in areas of high unmet need by developing a diversified portfolio of 20-25 globally leading life science businesses. Syncona works closely with world-class academic founders and experienced management teams to improve patient lives and deliver strong risk-adjusted returns to shareholders.

YTD Price Performance: -10.61%

Average Trading Volume: 742,541

Technical Sentiment Consensus Rating: Buy

For an in-depth examination of SYNC stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App