Kainos Group plc ( (GB:KNOS) ) has issued an announcement.
Kainos Group plc, a company involved in technology and digital services, announced the repurchase of 29,770 of its ordinary shares through Investec Bank plc. The shares were purchased at prices ranging from 689.00 to 703.00 pence, with a weighted average price of 697.0293 pence. This transaction is part of a buyback program announced in November 2024, and the company intends to cancel the purchased shares. This move is likely to impact the company’s share value and reflects a strategic decision to manage its capital structure, potentially benefiting shareholders by increasing the value of remaining shares.
More about Kainos Group plc
YTD Price Performance: -14.09%
Average Trading Volume: 261,463
Technical Sentiment Signal: Buy
Current Market Cap: £859.6M
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