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Kerry Group Advances €300m Share Buyback With Latest Dublin Purchase

Story Highlights
  • Kerry Group is a global taste and nutrition supplier serving food, beverage and pharma markets worldwide.
  • Kerry bought and will cancel 32,559 shares under its €300m buyback, reducing shares in issue to 160.3m.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kerry Group Advances €300m Share Buyback With Latest Dublin Purchase

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Kerry Group plc ( (GB:KYGA) ) has provided an announcement.

Kerry Group plc has continued its share repurchase activity under its up to €300 million buyback programme, acquiring 32,559 A ordinary shares on Euronext Dublin on February 25 at a volume-weighted average price of €73.9898. The purchased shares, which will be cancelled, will reduce the company’s share count to 160,322,903 ordinary shares in issue and are part of an ongoing capital management strategy that can enhance earnings per share and signal confidence in the company’s long-term outlook to investors.

More about Kerry Group plc

Kerry Group plc is a global taste and nutrition company that supplies ingredients, flavors and food solutions to the food, beverage and pharmaceutical industries. Listed on Euronext Dublin, it focuses on value-added food science and technology for branded and private-label customers across international markets.

Find detailed analytics on KYGA stock on TipRanks’ Stock Analysis page.

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