Bunzl plc Enhances Shareholder Value with Share Buyback

Bunzl plc (GB:BNZL) has released an update.

Bunzl plc has repurchased 102,060 of its own shares on the London Stock Exchange as part of its ongoing buyback program, which began in August 2024. The average price paid per share was £34.2916, and Bunzl plans to cancel these shares, leaving the company with 333,584,490 ordinary shares in issue. This move is designed to enhance shareholder value by reducing the number of shares outstanding.

For further insights into GB:BNZL stock, check out TipRanks’ Stock Analysis page.