Howden Joinery ( (GB:HWDN) ) has provided an update.
Howden Joinery Group PLC has announced a transaction involving the repurchase and cancellation of 50,000 of its ordinary shares at an average price of 712.44 pence per share. This move is part of the company’s ongoing share buyback program, which aims to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share. Following this transaction, the company holds 3,844,331 shares in treasury, with a total of 548,997,389 shares in issue, excluding treasury shares. This adjustment in shareholding is significant for stakeholders as it impacts the company’s total voting rights and may influence shareholder decisions under the FCA’s Disclosure Guidance and Transparency Rules.
More about Howden Joinery
Howden Joinery Group PLC operates in the home improvement industry, primarily focusing on the design, manufacture, and sale of kitchens and joinery products. The company serves a wide market, providing products to builders and homeowners, and is known for its extensive range of kitchen solutions.
YTD Price Performance: -9.58%
Average Trading Volume: 1,789,266
Technical Sentiment Signal: Hold
Current Market Cap: £3.94B
Learn more about HWDN stock on TipRanks’ Stock Analysis page.