WH Smith ( (GB:SMWH) ) has provided an announcement.
WH Smith PLC, a prominent player in the retail sector, has announced the repurchase of 27,777 of its ordinary shares as part of a buyback program initiated in September 2024. This move is in line with the authority granted by shareholders earlier in January 2025. The company plans to cancel these shares, which is part of a broader strategy that has seen the acquisition of over 2 million shares to date. This buyback program is a strategic effort to optimize capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about WH Smith
YTD Price Performance: -7.41%
Average Trading Volume: 228,884
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.37B
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