Grafton (GB:GFTU) has released an update.
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Grafton Group PLC has purchased 35,000 of its own shares on the London Stock Exchange as part of a £30 million share buyback program. This strategic move is aimed at enhancing shareholder value by reducing the number of outstanding shares. The shares were bought at an average price of £9.5566, aligning with the company’s ongoing efforts to optimize its capital structure.
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