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Smiths Group plc ( (GB:SMIN) ) has issued an announcement.
Smiths Group PLC announced the purchase of its own ordinary shares on the London Stock Exchange through J.P. Morgan Securities. This strategic move, initially planned in November 2024, involved buying back a significant number of shares, ranging in price from 1,743 to 1,764 GBp per share. The purchased shares will be canceled, a decision that could potentially enhance shareholder value by reducing the number of outstanding shares, thus impacting the company’s market dynamics and shareholder equity.
More about Smiths Group plc
Smiths Group PLC is a pioneering engineering company that has been operating for over 170 years. The company serves global markets in energy, general industry, safety & security, and aerospace, employing more than 15,000 people across over 50 countries. It is listed on the London Stock Exchange.
YTD Price Performance: 1.22%
Average Trading Volume: 976,220
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £5.87B
See more data about SMIN stock on TipRanks’ Stock Analysis page.
