Moonpig Group Plc (GB:MOON) has released an update.
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Moonpig Group Plc has announced a share repurchase program to buy back up to £25 million of its ordinary shares, starting immediately and running until April 2025. The move aims to return excess capital to shareholders and reduce the company’s capital by cancelling repurchased shares. This strategic buyback is facilitated by J.P. Morgan Securities and aligns with Moonpig’s policy of using excess capital efficiently to enhance earnings.
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