Johnson Matthey (GB:JMAT) has released an update.
Johnson Matthey Plc has repurchased 147,994 of its ordinary shares on the London Stock Exchange as part of its ongoing buyback program, with the average purchase price being 1,504.05 pence per share. The shares, purchased from Citigroup Global Markets Limited, will subsequently be canceled, enhancing shareholder value by reducing the outstanding share count. This move reflects the company’s commitment to returning capital to shareholders and potentially boosting its stock price.
For further insights into GB:JMAT stock, check out TipRanks’ Stock Analysis page.
