Essentra (GB:ESNT) has released an update.
Essentra plc, in a move to execute its share buyback program announced earlier in March 2023, has repurchased 11,500 of its own shares at a uniform price of 163 pence per share, with intentions to cancel them. This transaction, conducted through Peel Hunt LLP, will result in a reduction of the total number of voting rights, with 287,705,744 shares remaining in issue post cancellation. The cancellation of shares is part of Essentra’s strategy to manage its capital and will affect the shareholding calculations as per the Financial Conduct Authority’s rules.
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