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The latest announcement is out from Kerry Group plc ( (GB:KYGA) ).
Kerry Group has continued its share buyback activity, purchasing 41,377 A ordinary shares on Euronext Dublin on 6 March at a volume-weighted average price of €70.19 per share. The company bought the stock from intermediary J&E Davy and plans to cancel the repurchased shares, reducing its share count and potentially enhancing earnings per share.
These transactions form part of Kerry’s previously announced share buyback programme of up to €300 million to be completed by 31 December 2026. Following settlement and cancellation of the latest tranche, Kerry will have 160,235,271 ordinary shares in issue, underscoring management’s ongoing capital return strategy and confidence in the group’s long-term prospects.
More about Kerry Group plc
Kerry Group plc is a global food company specialising in taste and nutrition solutions for the food, beverage, and pharmaceutical industries. Listed on Euronext Dublin, the group focuses on value-added ingredients and consumer foods, targeting both industrial and retail customers across international markets.
For a thorough assessment of KYGA stock, go to TipRanks’ Stock Analysis page.