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The latest announcement is out from ITV plc ( (GB:ITV) ).
ITV plc announced the purchase of 1,410,471 of its ordinary shares as part of its ongoing share buyback programme, which was previously authorized by shareholders. This transaction, conducted at an average price of 70.96 pence per share, aims to cancel the shares, thereby potentially increasing the value of remaining shares and altering the voting rights structure, now totaling 3,754,022,576. Since the start of the buyback programme, ITV has repurchased a significant number of shares, indicating a strategic move to enhance shareholder value.
More about ITV plc
ITV plc is a British media company primarily engaged in broadcasting, production, and distribution of television content. The company operates in the media and entertainment industry, focusing on delivering a wide range of TV shows and films to a diverse audience.
YTD Price Performance: -4.28%
Average Trading Volume: 10,955,578
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.62B
Learn more about ITV stock on TipRanks’ Stock Analysis page.
