Watches of Switzerland Group PLC ( (GB:WOSG) ) has provided an announcement.
Watches of Switzerland Group PLC announced the repurchase of 88,472 of its ordinary shares on the London Stock Exchange as part of a £25 million share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, resulted in the company holding no shares in treasury and maintaining 238,317,914 ordinary shares in issue. The repurchase is part of a strategic initiative to enhance shareholder value and optimize the company’s capital structure.
More about Watches of Switzerland Group PLC
Watches of Switzerland Group PLC is a company operating in the luxury retail industry, specializing in the sale of high-end watches and jewelry. The company is focused on providing premium products and services to a discerning clientele, with a strong presence in the UK and US markets.
YTD Price Performance: -21.89%
Average Trading Volume: 653,123
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.03B
For a thorough assessment of WOSG stock, go to TipRanks’ Stock Analysis page.