Intertek ( (GB:ITRK) ) has provided an announcement.
Intertek Group PLC has executed a share buyback program, purchasing 89,549 ordinary shares at prices ranging from 4,930 to 5,030 pence per share. This transaction is part of a broader initiative to repurchase up to £350 million worth of shares, enhancing shareholder value and optimizing the company’s capital structure. The purchased shares will be canceled, affecting the total voting rights and share capital structure, which may influence shareholder notifications under regulatory guidelines.
More about Intertek
Intertek Group PLC operates in the quality assurance industry, providing services such as testing, inspection, and certification. The company focuses on ensuring the quality and safety of products and services across various sectors, including consumer goods, healthcare, and industrial markets.
YTD Price Performance: 5.75%
Average Trading Volume: 497,731
Technical Sentiment Signal: Strong Sell
Current Market Cap: £8.1B
See more insights into ITRK stock on TipRanks’ Stock Analysis page.