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Kerry Group plc ( (GB:KYGA) ) just unveiled an update.
Kerry Group plc has repurchased 29,071 A ordinary shares on Euronext Dublin from J&E Davy as part of its ongoing share buyback programme, paying a volume-weighted average price of €69.2368 per share. The company plans to cancel these shares, reducing the number of ordinary shares in issue to 160,165,384, excluding treasury shares.
This transaction forms a small tranche of Kerry’s previously announced plan to buy back up to €300 million of its ordinary shares by the end of 2026. The programme signals ongoing capital management and may support earnings per share and shareholder returns by shrinking the equity base over time, while also indicating confidence in the company’s valuation and financial position.
More about Kerry Group plc
Kerry Group plc is a global food and ingredients company, best known for producing 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, serving branded and private-label customers in international markets.
For a thorough assessment of KYGA stock, go to TipRanks’ Stock Analysis page.