WH Smith ( (GB:SMWH) ) has issued an update.
WH Smith PLC, a prominent player in the retail industry, has announced the purchase of 27,697 ordinary shares as part of its ongoing share buyback program. This transaction, conducted under the authority granted by shareholders, aims to reduce the number of shares in circulation, potentially enhancing shareholder value. Since the inception of the buyback program, WH Smith has acquired a total of 1,946,749 shares, reflecting its commitment to optimizing its capital structure. The cancellation of these shares is expected to impact the company’s share capital and voting rights, aligning with its strategic financial management goals.
More about WH Smith
YTD Price Performance: -7.15%
Average Trading Volume: 236,347
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.38B
Learn more about SMWH stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com