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Irish Continental ( (GB:ICGC) ) has provided an update.
Irish Continental Group plc announced the repurchase of 1,545,000 of its own shares, representing 0.98% of its issued share capital, at a price of €5.75 per share. This strategic move to cancel the repurchased shares could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share.
More about Irish Continental
Irish Continental Group plc operates in the transportation and logistics industry, primarily focusing on ferry services and container shipping. The company serves both freight and passenger markets, with a significant presence in the Irish Sea region.
For a thorough assessment of ICGC stock, go to TipRanks’ Stock Analysis page.