Serco Group plc (GB:SRP) has released an update.
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Serco Group plc has purchased 1,628,347 of its own ordinary shares to hold in treasury, as part of its ongoing share buyback program. Since initiating the program earlier this year, the company has acquired a total of 73,460,296 shares. This strategic move is designed to potentially enhance shareholder value by reducing the number of shares in circulation.
For further insights into GB:SRP stock, check out TipRanks’ Stock Analysis page.