Trustpilot Group Plc (GB:TRST) has released an update.
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Trustpilot Group Plc has initiated a new share buyback program, committing up to £20 million to repurchase shares with the intention of reducing its share capital. The buyback, managed by Berenberg, will involve acquiring Trustpilot’s ordinary shares on the London Stock Exchange, with all purchased shares to be cancelled. This move follows a successful first-half £20 million share buyback, reinforcing the company’s strategy of maintaining an efficient balance sheet and rewarding shareholders.
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