WH Smith ( (GB:SMWH) ) has issued an announcement.
WH Smith PLC announced the purchase of 24,400 ordinary shares as part of its ongoing buyback program, which was initially announced in September 2024. This transaction is part of a broader strategy to manage the company’s capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in issue, which currently stands at 129,049,898. This move is expected to impact the company’s market positioning by potentially increasing the value of remaining shares and demonstrating confidence in its financial health.
More about WH Smith
WH Smith PLC operates in the retail industry, primarily focusing on selling books, stationery, magazines, and other related products. The company has a significant presence in travel and high street locations, catering to a diverse customer base.
YTD Price Performance: -0.38%
Average Trading Volume: 242,727
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.48B
Learn more about SMWH stock on TipRanks’ Stock Analysis page.