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Kainos Group plc Executes Share Buyback, Boosting Shareholder Value

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Kainos Group plc Executes Share Buyback, Boosting Shareholder Value

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Kainos Group plc ( (GB:KNOS) ) has issued an announcement.

Kainos Group plc announced the repurchase of 40,000 of its ordinary shares as part of a buyback program initiated in November 2024. The shares were purchased at prices ranging from 784.00 to 801.00 pence, with a weighted average price of 794.0192 pence. The company intends to cancel the purchased shares, which could impact its share capital and potentially benefit shareholders through an increase in earnings per share.

More about Kainos Group plc

Kainos Group plc operates in the technology sector, providing digital services and platforms with a focus on helping organizations with digital transformation and software development solutions.

YTD Price Performance: -1.85%

Average Trading Volume: 294,125

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £989.6M

See more insights into KNOS stock on TipRanks’ Stock Analysis page.

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