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The latest announcement is out from Kerry Group plc ( (GB:KYGA) ).
Kerry Group plc, a company involved in the food and beverage industry, announced a transaction involving the repurchase of its A ordinary shares on Euronext Dublin. This move is part of a larger buyback program valued at up to €300 million, aimed at enhancing shareholder value by reducing the number of shares in circulation. The shares purchased will be cancelled, and following this transaction, the company will have 164,340,645 ordinary shares in issue. This strategic decision reflects Kerry Group’s commitment to optimizing its capital structure and potentially boosting its stock value.
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