McBride Cancels Newly Repurchased Shares, Resets Voting Rights Base

McBride ( (GB:MCB) ) just unveiled an update.

McBride plc has repurchased 26,551 ordinary shares at 145 pence each on the London Stock Exchange as part of its ongoing share buyback programme, executed via Investec Bank under a previously announced non‑discretionary agreement, and intends to cancel the shares. Following this transaction and the cancellation, McBride will have 177,225,822 ordinary shares in issue carrying voting rights, 42,041 ordinary shares held in treasury, and 594,610,458 non‑voting B Shares outstanding, a structure that marginally reduces the free float while setting a new denominator for shareholders’ disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:MCB) stock is a Buy with a £138.00 price target. To see the full list of analyst forecasts on McBride stock, see the GB:MCB Stock Forecast page.

Spark’s Take on GB:MCB Stock

According to Spark, TipRanks’ AI Analyst, GB:MCB is a Outperform.

McBride’s overall stock score is driven by strong corporate events and earnings call highlights, including strategic initiatives and dividend reinstatement. While financial performance shows areas for improvement, the attractive valuation and positive technical indicators support a favorable outlook.

To see Spark’s full report on GB:MCB stock, click here.

More about McBride

McBride plc is a UK-listed company whose capital structure comprises ordinary shares and a large number of non‑voting, non‑cumulative redeemable preference shares (“B Shares”), which do not carry rights to attend, speak or vote at company meetings except on a winding‑up resolution. The company also holds a small proportion of its ordinary shares in treasury, which count towards total issued capital but not voting rights.

Average Trading Volume: 484,254

Technical Sentiment Signal: Strong Buy

Current Market Cap: £253.3M

For a thorough assessment of MCB stock, go to TipRanks’ Stock Analysis page.