Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape PLC has announced the purchase of 195,957 of its ordinary shares as part of its ongoing share buyback programme. The shares were bought at a volume-weighted average price of 677.79 pence per share and will be cancelled, reducing the total number of shares in issue to 390,809,611. This move is part of a larger buyback initiative that began on 4 March 2025, during which the company has acquired a total of 3,085,408 shares at a cost of £21,795,359.66. The buyback is expected to enhance shareholder value by reducing the number of shares outstanding.
More about Inchcape
YTD Price Performance: -12.02%
Average Trading Volume: 1,143,409
Technical Sentiment Signal: Buy
Current Market Cap: £2.62B
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