Kainos Group plc ( (GB:KNOS) ) has issued an announcement.
Kainos Group plc, a company engaged in a share buyback program, announced the repurchase of 39,686 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 644.50 pence to 656.00 pence, with a weighted average price of 651.8450 pence. The company plans to cancel the purchased shares, which is part of a buyback program announced in November 2024. This move is likely aimed at enhancing shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and supporting the share price.
More about Kainos Group plc
YTD Price Performance: -18.42%
Average Trading Volume: 272,686
Technical Sentiment Signal: Strong Buy
Current Market Cap: £827M
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