Inchcape (GB:INCH) has released an update.
Inchcape PLC continues its aggressive share buyback strategy, purchasing 187,149 of its own shares to cancel them, as part of a larger program that began in August. This recent transaction brings the total number of shares repurchased to over 10 million, costing the company approximately £83.3 million. The buyback is designed to reduce the number of shares in circulation, potentially boosting the stock’s value.
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