AJ BELL PLC ( (GB:AJB) ) just unveiled an announcement.
AJ Bell PLC has announced the purchase of 85,000 of its ordinary shares as part of a £30 million share buyback program. The shares were acquired at prices ranging from 402.80 to 412.20 pence, with a volume-weighted average price of 406.61 pence. The company plans to cancel these shares, reducing the total number of shares in issue to 407,596,740. This move is expected to enhance shareholder value by reducing the number of shares outstanding, thereby potentially increasing earnings per share.
More about AJ BELL PLC
AJ Bell PLC operates in the financial services industry, focusing on investment platforms and stockbroking services. The company provides a range of products and services aimed at individual investors and financial advisers, with a strong emphasis on digital solutions and efficient customer service.
YTD Price Performance: -7.13%
Average Trading Volume: 912,564
Technical Sentiment Signal: Sell
Current Market Cap: £1.66B
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