tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Essentra Cancels Newly Repurchased Shares Under Ongoing Buyback Programme

Story Highlights
  • Essentra repurchased 11,500 ordinary shares on 2 January 2026 at 96.35 pence each under its ongoing buyback programme.
  • The repurchased shares will be cancelled, reducing shares in issue to 285,091,744 and resetting the company’s total voting rights baseline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Essentra Cancels Newly Repurchased Shares Under Ongoing Buyback Programme

Claim 70% Off TipRanks Premium

The latest announcement is out from Essentra ( (GB:ESNT) ).

Essentra plc has repurchased 11,500 of its 25 pence ordinary shares on 2 January 2026 at a price of 96.35 pence per share through broker Peel Hunt LLP, as part of its ongoing share buyback programme initiated in March 2023. The company intends to cancel the repurchased shares, which will reduce the number of ordinary shares in issue to 285,091,744 (excluding treasury shares) and set the new total of voting rights, a change that may affect shareholders’ notification requirements under UK disclosure rules and reflects continued capital management activity by the group.

The most recent analyst rating on (GB:ESNT) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Essentra stock, see the GB:ESNT Stock Forecast page.

Spark’s Take on GB:ESNT Stock

According to Spark, TipRanks’ AI Analyst, GB:ESNT is a Neutral.

Essentra’s overall stock score is driven by mixed financial performance and technical indicators suggesting potential bearish momentum. The high valuation poses a risk, but the positive impact of the share buyback program supports shareholder value. The absence of recent earnings call data limits insights into management’s outlook.

To see Spark’s full report on GB:ESNT stock, click here.

More about Essentra

Essentra plc is a UK-listed company whose ordinary shares of 25 pence each trade on the London Stock Exchange, with its shareholder base governed by the Financial Conduct Authority’s Disclosure and Transparency Rules regarding voting rights and notification thresholds.

Average Trading Volume: 692,964

Technical Sentiment Signal: Strong Sell

Current Market Cap: £273.6M

See more insights into ESNT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1