J Sainsbury plc (GB:SBRY) has released an update.
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J Sainsbury plc has repurchased over 1.3 million of its own ordinary shares at an average price of 260.43 pence as part of its ongoing share buyback program. The company plans to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding. This strategic decision reflects Sainsbury’s commitment to optimizing its capital structure and returning value to investors.
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