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An update from Kerry Group plc ( (GB:KYGA) ) is now available.
Kerry Group plc has continued its share buyback activity, repurchasing 25,708 A ordinary shares on Euronext Dublin from J&E Davy at prices between €69.50 and €70.00 per share. The repurchased shares, which had a volume-weighted average price of €69.83, will be cancelled as part of the company’s capital management strategy.
These transactions form part of Kerry’s previously announced share buyback programme of up to €300 million, scheduled to run through the end of 2026. Following settlement and cancellation of the latest tranche, Kerry will have 160,142,435 ordinary shares in issue, marginally enhancing earnings per share and signalling continued confidence in the company’s long-term prospects.
More about Kerry Group plc
Kerry Group plc is a global food company headquartered in Ireland, operating in the ingredients, taste, and nutrition sectors. It focuses on supplying value-added food and beverage solutions to manufacturers and foodservice customers worldwide, with its shares listed on Euronext Dublin.
For a thorough assessment of KYGA stock, go to TipRanks’ Stock Analysis page.