St. James’s Place ( (GB:STJ) ) has provided an update.
St. James’s Place PLC has executed a share buyback, purchasing 199,000 of its ordinary shares on the London Stock Exchange through J.P. Morgan Securities plc. The shares were bought at an average price of 971.1025 pence and will be canceled, reducing the total number of shares in issue to 539,574,656. This move is part of the company’s strategy to manage its capital structure and potentially increase shareholder value. The cancellation of shares will affect the denominator used by shareholders and others for notification obligations under the Disclosure and Transparency Rules.
More about St. James’s Place
YTD Price Performance: 11.24%
Average Trading Volume: 2,494,008
Technical Sentiment Signal: Sell
Current Market Cap: £5.23B
See more data about STJ stock on TipRanks’ Stock Analysis page.