An announcement from Caledonia Investments PLC ( (GB:CLDN) ) is now available.
Caledonia Investments PLC announced the repurchase of 6,887 of its own ordinary shares at an average price of 3683.33 pence per share, with the transaction executed through J.P. Morgan Securities plc. This move will result in the cancellation of the purchased shares, leaving Caledonia with a total of 52,867,666 ordinary shares with voting rights. The repurchase of shares may indicate a strategic effort to consolidate ownership and potentially enhance shareholder value by reducing the number of shares outstanding.
More about Caledonia Investments PLC
YTD Price Performance: 12.12%
Technical Sentiment Signal: Strong Sell
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