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Kerry Group plc ( (GB:KYGA) ) has provided an update.
Kerry Group plc has authorised a new share buyback of up to €300 million, supported by its robust balance sheet and cash generation and aligned with its capital allocation priorities. The repurchase aims to reduce the company’s share capital, potentially improving earnings per share and signalling confidence in future performance to investors.
Under the programme, broker J&E Davy will execute purchases of A ordinary shares on Euronext Dublin on a non‑discretionary, riskless principal basis up to 31 December 2026, within parameters set by Kerry and existing shareholder authorities. Continuation beyond the expiry of the 2025 repurchase authority will depend on fresh approval at the April 2026 AGM, and all bought-back shares will be cancelled, tightening the company’s equity base.
More about Kerry Group plc
Kerry Group plc is a global food and beverage company specialising in taste and nutrition solutions for consumer foods, foodservice, and beverage markets. The group focuses on supplying ingredients and technologies that enhance flavour, functionality, and nutritional profiles for manufacturers worldwide.
See more insights into KYGA stock on TipRanks’ Stock Analysis page.