Balfour Beatty (GB:BBY) has released an update.
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Balfour Beatty PLC has announced the purchase of 116,352 of its ordinary shares as part of its share buyback program, which was initiated in January and expanded in March of this year. These shares, bought at a volume weighted average price of 435.82 GBp, will be held in treasury, reducing the number of shares in issue to 517,102,514. The repurchased shares are part of a larger buyback effort totaling over 27 million shares, aimed at managing the company’s capital effectively.
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