Ashtead ( (GB:AHT) ) has provided an announcement.
Ashtead Group plc has executed a share repurchase transaction, buying back 89,100 of its ordinary shares as part of its $1.5 billion share repurchase program. This move, involving an average share price of 3,940 pence, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the company holds 18,505,577 shares in treasury, with 432,849,256 ordinary shares remaining in issue, a figure significant for stakeholders monitoring ownership changes under regulatory obligations.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, offering a range of construction and industrial equipment for rent. The company primarily focuses on the North American and UK markets, serving sectors such as construction, industrial, and infrastructure development.
YTD Price Performance: -15.51%
Average Trading Volume: 1,257,023
Technical Sentiment Signal: Strong Buy
Current Market Cap: £17.99B
See more insights into AHT stock on TipRanks’ Stock Analysis page.