Whitbread (GB:WTB) has released an update.
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Whitbread PLC has repurchased 50,366 of its shares at an average price of £3,327.34 per share, with plans to cancel them, as part of its ongoing buyback program. The company now holds over 12 million shares in treasury and has nearly 179.3 million shares in circulation, a move that could impact shareholder voting rights and market perceptions. This strategic buyback, executed through J.P. Morgan Securities, reflects Whitbread’s commitment to optimizing shareholder value.
For further insights into GB:WTB stock, check out TipRanks’ Stock Analysis page.
