Kainos Group plc (GB:KNOS) has released an update.
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Kainos Group plc has announced the acquisition of 29,937 of its own shares at a weighted average price of 821.5699 pence per share as part of a buyback program. The shares were bought through Investec Bank plc with prices ranging between 810.00 and 831.00 pence and are set to be cancelled. This move is part of Kainos’s strategy to bolster shareholder value and manage its capital structure.
For further insights into GB:KNOS stock, check out TipRanks’ Stock Analysis page.
