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An update from Bunzl plc ( (GB:BNZL) ) is now available.
Bunzl plc has announced the repurchase of 19,339 of its ordinary shares, as part of an ongoing £200 million share buyback program initiated on 31 December 2024. This move is in line with a resolution passed at the company’s Annual General Meeting and aims to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing the value of remaining shares. The company intends to cancel the purchased shares, which will result in a total of 330,696,581 ordinary shares in issue, maintaining transparency and compliance with FCA’s regulations for shareholder notifications.
More about Bunzl plc
Bunzl plc is a leading provider in the distribution and outsourcing industry, specializing in delivering a wide range of non-food consumable products. The company primarily focuses on markets such as foodservice, grocery, cleaning and hygiene, safety, and healthcare, offering supply chain solutions that enhance operational efficiency for businesses.
YTD Price Performance: 1.09%
Average Trading Volume: 741,507
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £10.87B
See more insights into BNZL stock on TipRanks’ Stock Analysis page.
