Sainsbury Announces Share Buyback and Cancellation
Company Announcements

Sainsbury Announces Share Buyback and Cancellation

J Sainsbury plc (GB:SBRY) has released an update.

J Sainsbury plc has announced the buyback of 2,037,931 of its ordinary shares, with prices ranging from 268.80 to 276.40 pence per share and an average price of 271.92 pence. This move is part of the company’s ongoing share repurchase program and aligns with the instructions issued to UBS AG London Branch on 25 April 2024. The acquired shares are set to be cancelled as part of the company’s strategy to enhance shareholder value.

For further insights into GB:SBRY stock, check out TipRanks’ Stock Analysis page.

Related Articles
Carrie WilliamsJ Sainsbury plc (SBRY) Reveals Q4 Dividend: Here’s the Essential Information
TheFlyJ Sainsbury price target lowered to 280 GBp from 310 GBp at Citi
Kirti TakSainsbury’s Maintains Full-Year Forecast After H1 Profit Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App