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Inchcape ( (GB:INCH) ) has provided an update.
Inchcape plc announced its recent activities in its share buyback programme, purchasing 171,741 ordinary shares on September 16, 2024, at a volume-weighted average price of 819.37 pence per share. The company plans to cancel these shares as part of its buyback strategy initiated on August 1, 2024, reducing its total shares in issue to 407,654,279. Since the start of the programme, Inchcape has acquired 5,352,853 shares for a total cost of £44,317,884.30, indicating a significant reduction in outstanding shares which could impact shareholder value and market perception.
More about Inchcape
YTD Price Performance: 14.33%
Average Trading Volume: 797,148
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £3.09B
Find detailed analytics on INCH stock on TipRanks’ Stock Analysis page.
