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Kerry Group plc ( (GB:KYGA) ) has provided an announcement.
Kerry Group plc has announced the purchase and cancellation of 28,000 of its A ordinary shares as part of its ongoing €300 million share buyback programme, which is set to continue until June 2025. This transaction is part of the company’s strategic efforts to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating a commitment to returning capital to shareholders.
More about Kerry Group plc
Kerry Group plc operates in the food industry, offering a wide range of taste and nutrition solutions. The company’s primary products include food ingredients and consumer foods, with a strong market focus on enhancing the taste and health attributes of food and beverage products globally.
YTD Price Performance: 9.46%
Average Trading Volume: 57,943
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.62B
Learn more about KYGA stock on TipRanks’ Stock Analysis page.