Intertek ( (GB:ITRK) ) just unveiled an update.
Intertek Group PLC, a company involved in quality assurance services, has announced the purchase of 65,970 of its ordinary shares as part of its Share Buyback Programme. This move is part of a larger initiative to repurchase up to £350 million of shares, with the recent transactions amounting to a total consideration of £9,532,023.77. The purchased shares will be canceled, impacting the total voting rights and share count, which now stands at 161,200,920 shares in issue. This strategic financial maneuver is expected to enhance shareholder value and optimize the company’s capital structure.
More about Intertek
YTD Price Performance: 4.78%
Average Trading Volume: 476,979
Technical Sentiment Signal: Strong Sell
Current Market Cap: £7.97B
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