Bodycote Initiates Share Buyback to Boost Value

Bodycote (GB:BOY) has released an update.

Bodycote plc has repurchased 49,881 of its own shares as part of its ongoing share buyback program, which began in March 2024. The shares were bought at an average price of 605.24 pence each and will be canceled, reducing the total number of shares in circulation to 184,090,981. This move is part of Bodycote’s strategy to enhance shareholder value by reducing the number of outstanding shares.

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