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Begbies Traynor Transfers Treasury Shares to Settle Acquisition Obligations

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Begbies Traynor Transfers Treasury Shares to Settle Acquisition Obligations

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Begbies Traynor ( (GB:BEG) ) has issued an announcement.

Begbies Traynor Group PLC announced a significant update regarding its financial operations, involving the transfer of 1,595,858 ordinary shares from treasury to part settle deferred consideration obligations from a corporate acquisition. This transfer results in the company holding no ordinary shares in treasury, with the total number of shares in issue now standing at 159,564,913, indicating a strategic move that could impact the company’s financial structure and shareholder value.

More about Begbies Traynor

YTD Price Performance: -15.96%

Average Trading Volume: 578,608

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £149.1M

For detailed information about BEG stock, go to TipRanks’ Stock Analysis page.

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