Smiths Group plc ( (GB:SMIN) ) has shared an update.
Smiths Group plc has announced the commencement of the next tranche of its £500 million share buyback programme, with plans to purchase up to £350 million of ordinary shares. This move aims to reduce the company’s share capital, with the programme expected to conclude by the end of 2025. The company has partnered with HSBC Bank plc to manage this tranche, adhering to regulatory requirements and shareholder authority granted at the 2024 AGM.
More about Smiths Group plc
For over 170 years, Smiths Group has been pioneering progress by engineering a better future. The company operates across four global markets: energy, safety & security, aerospace & defence, and general industrial. Listed on the London Stock Exchange, Smiths employs approximately 15,000 colleagues in over 50 countries.
YTD Price Performance: 16.17%
Average Trading Volume: 1,277,717
Technical Sentiment Signal: Sell
Current Market Cap: £6.69B
For an in-depth examination of SMIN stock, go to TipRanks’ Stock Analysis page.