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Kerry Group plc ( (GB:KYGA) ) has provided an announcement.
Kerry Group plc announced the purchase and subsequent cancellation of 25,000 of its A ordinary shares on Euronext Dublin as part of a previously announced share buyback program. This initiative, set to total up to €300 million by June 2025, reflects the company’s strategic focus on optimizing capital structure and returning value to shareholders. The buyback is expected to impact the company’s share count, potentially affecting earnings per share and shareholder equity.
More about Kerry Group plc
Kerry Group plc is a leader in the food industry, specializing in the development and manufacturing of taste and nutrition solutions for the food, beverage, and pharmaceutical markets. With a strong focus on innovation, Kerry Group caters to a global clientele, providing products that enhance the taste, texture, and nutritional profile of consumer goods.
YTD Price Performance: 1.43%
Average Trading Volume: 46,171
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €15.46B
For a thorough assessment of KYGA stock, go to TipRanks’ Stock Analysis page.
