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The latest update is out from Kerry Group plc ( (GB:KYGA) ).
Kerry Group has executed a share repurchase on Euronext Dublin, buying 28,578 A ordinary shares at prices between €71.20 and €73.40, at a volume-weighted average of €72.1748. The purchased shares will be cancelled, reducing the company’s total ordinary shares in issue to 160,441,285.
This transaction forms part of Kerry’s previously announced share buyback programme of up to €300 million to be completed by 31 December 2026. The buyback and cancellation support capital returns to shareholders and will marginally enhance earnings per share while signalling management’s confidence in the company’s financial position and long-term prospects.
More about Kerry Group plc
Kerry Group plc is a global food and ingredients company headquartered in Ireland, focusing on taste and nutrition solutions for the food, beverage and pharmaceutical industries. It operates across international markets, supplying functional ingredients and consumer foods to a broad range of manufacturers and foodservice customers.
See more insights into KYGA stock on TipRanks’ Stock Analysis page.