Johnson Matthey (GB:JMAT) has released an update.
Johnson Matthey has repurchased 169,000 of its own shares, with prices ranging from 1,479.00p to 1,498.00p as part of its ongoing buyback program. The company plans to cancel these shares, potentially enhancing shareholder value by reducing the total number of shares outstanding. This move may signal confidence in the company’s financial health and future prospects.
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