Somero Enterprises Inc (GB:SOM) has released an update.
Somero Enterprises Inc. has executed a share buy-back, purchasing and planning to cancel 4,177 of its own ordinary shares at 335 pence each on July 3, 2024, as part of a program announced earlier that year. This buy-back action will reduce the company’s issued share capital and consequently, its total voting rights will stand at 55,067,913. This strategically aligns with Somero’s capital management policies, potentially indicating confidence in the company’s financial health and future prospects.
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