Inchcape (GB:INCH) has released an update.
Inchcape PLC has announced the acquisition of 149,977 of its own ordinary shares at a cost of approximately £28.9 million, as part of its ongoing share buyback program initiated on 1 August 2024. The shares, purchased through Jefferies International Limited, are to be cancelled, reducing the total number of Inchcape’s shares in issue post-settlement. This move aligns with their strategy to enhance shareholder value and reflects a confident outlook on the company’s financial performance.
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