Costain Advances Share Buyback, Reduces Capital

Costain (GB:COST) has released an update.

Costain Group PLC has recently announced the purchase of 78,969 of its own ordinary shares at an average price of 105.85 pence each, as part of its ongoing buyback programme. Following the cancellation of these shares, the company’s total issued share capital will reduce to 277,440,795 ordinary shares. This move is in line with the company’s strategy to enhance shareholder value.

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