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An announcement from WH Smith ( (GB:SMWH) ) is now available.
WH Smith PLC, a prominent retailer, has announced the repurchase of 26,109 ordinary shares as part of its ongoing buyback program, initiated in September 2024. This action, conducted with Barclays as the investment firm, aims to cancel these shares, reducing the total number of shares in issue to 129,863,581. This strategic move is expected to enhance shareholder value and streamline the company’s equity structure, potentially impacting the company’s market positioning and providing clarity on voting rights calculations for stakeholders.
More about WH Smith
YTD Price Performance: -3.36%
Average Trading Volume: 271,301
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.47B
For an in-depth examination of SMWH stock, go to TipRanks’ Stock Analysis page.
