Fuller Smith & Turner (GB:FSTA) has released an update.
Fuller, Smith & Turner PLC has successfully completed its share buyback program, repurchasing 1 million ‘A’ Ordinary Shares for £6.7 million to hold in treasury, and is now initiating a new buyback for up to 2.5 million shares, citing the current share price as undervalued relative to net asset value. The buyback is part of the company’s capital allocation strategy and is expected to boost earnings per share, with transactions to be conducted on the London Stock Exchange and announced the following business day.
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