Essentra ( (GB:ESNT) ) has issued an announcement.
Essentra plc has executed a share buyback program, purchasing 11,500 of its ordinary shares at a consistent price of 100 GBp per share from Peel Hunt LLP. The company plans to cancel these shares, reducing the total number of shares in circulation to 286,291,744. This move is part of Essentra’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares available, thereby increasing the value of remaining shares.
More about Essentra
Essentra plc operates in the manufacturing industry, specializing in the production and distribution of essential components and solutions. The company focuses on providing a wide range of products including plastic and fiber components, packaging solutions, and filters, serving various sectors globally.
YTD Price Performance: -22.86%
Average Trading Volume: 1,561,629
Technical Sentiment Signal: Buy
Current Market Cap: £293.7M
Learn more about ESNT stock on TipRanks’ Stock Analysis page.