Johnson Matthey (GB:JMAT) has released an update.
Johnson Matthey has repurchased 128,527 of its own shares on the London Stock Exchange at an average price of 1,503.28 pence, as part of its ongoing buyback program. The company plans to cancel these shares, a move often aimed at increasing shareholder value. This strategic action reflects Johnson Matthey’s commitment to optimizing its capital structure and returning value to investors.
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