Barratt Redrow Advances £50 Million Share Buyback Program

Barratt Developments ( (GB:BTRW) ) just unveiled an announcement.

Barratt Redrow plc, a prominent player in the real estate sector, announced the repurchase of 120,000 ordinary shares as part of its £50 million share buyback program. This transaction, executed through UBS AG London Branch, reflects the company’s strategic move to enhance shareholder value by reducing the number of shares in circulation. The repurchase, conducted on the London Stock Exchange, brings the total shares bought back under the program to 960,000, leaving the company with 1,450,078,681 shares in issue. This initiative underscores Barratt Redrow’s commitment to optimizing its capital structure and could potentially improve earnings per share, benefiting existing shareholders.

More about Barratt Developments

YTD Price Performance: -3.52%

Average Trading Volume: 4,728,087

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £6.1B

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