St. James’s Place Share Buyback Reduces Shares

St. James’s Place (GB:STJ) has released an update.

St. James’s Place PLC has announced the buyback and subsequent cancellation of 307,208 of its own ordinary shares, at prices ranging from 702 to 725.5 pence per share, with an average price of 709.9814 pence. This action, which follows the authority granted at their Annual General Meeting, will reduce the total number of ordinary shares in issue to 546,645,847 post-cancellation. The company’s move is likely to impact shareholders’ notification obligations under the Disclosure and Transparency Rules.

For further insights into GB:STJ stock, check out TipRanks’ Stock Analysis page.