Grafton ( (GB:GFTU) ) has issued an announcement.
Grafton Group PLC announced the purchase and cancellation of 65,000 ordinary shares as part of its ongoing GBP30 million share buyback program. This move, executed on the London Stock Exchange through Goodbody Stockbrokers, reflects Grafton’s commitment to enhancing shareholder value and optimizing its capital structure. The buyback program, which began on 6 March 2025, has seen the company acquire a total of 1,294,135 shares to date, indicating a strategic focus on returning capital to shareholders and potentially improving earnings per share.
More about Grafton
Grafton Group PLC operates in the building materials industry, providing a range of products and services primarily focused on the distribution and retailing of building supplies. The company is active in the UK and Ireland markets, serving both professional tradespeople and DIY enthusiasts.
YTD Price Performance: -9.46%
Average Trading Volume: 334,270
Technical Sentiment Signal: Hold
Current Market Cap: £1.69B
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