Future plc ( (GB:FUTR) ) has issued an update.
Future plc has announced the purchase of 50,000 of its own Ordinary 15p Shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 865.50 GBp to 875.00 GBp, with a volume-weighted average price of 870.1832 GBp. These shares will be canceled, reducing the total number of shares in issue to 108,477,278, which will also be the new total voting rights in the company. This move is part of Future plc’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.
More about Future plc
YTD Price Performance: -6.23%
Average Trading Volume: 308,164
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £932.7M
For detailed information about FUTR stock, go to TipRanks’ Stock Analysis page.