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Kerry Group plc ( (GB:KYGA) ) has issued an announcement.
Kerry Group plc has executed a share repurchase on Euronext Dublin, buying 39,864 A ordinary shares at a volume-weighted average price of €75.0913 from J&E Davy for cancellation. Following settlement and cancellation, the company will have 160,502,646 ordinary shares in issue, excluding treasury shares.
This transaction forms part of Kerry’s newly launched share buyback programme of up to €300 million, scheduled to run until 31 December 2026 at the latest. The move underscores the board’s capital allocation strategy and signals confidence in the company’s valuation, potentially enhancing earnings per share and shareholder returns over the life of the programme.
More about Kerry Group plc
Kerry Group plc is a global food and ingredients company headquartered in Ireland, operating in the taste and nutrition sector. The group focuses on developing and supplying food ingredients, flavors and related solutions to food, beverage and consumer markets worldwide, while also maintaining branded consumer foods operations in selected regions.
For an in-depth examination of KYGA stock, go to TipRanks’ Overview page.