Angling Direct Executes Share Buyback, Reinforcing Market Position

An update from Angling Direct Plc ( (GB:ANG) ) is now available.

Angling Direct PLC has announced the purchase of 100,000 of its own ordinary shares at a price of 38.5 pence per share, as part of its share buyback program. This move, executed through Singer Capital Markets, reflects the company’s strategy to manage its share capital effectively, potentially signaling confidence in its current market position and financial health. The total issued share capital now stands at 77,267,304 ordinary shares, with 1,263,000 held in treasury, impacting voting rights calculations for stakeholders.

More about Angling Direct Plc

Angling Direct is a leading omni-channel specialist fishing tackle retailer based in the UK, with a growing presence in Europe. The company, headquartered in Norfolk, UK, operates over 50 retail stores across the UK and has a strong digital platform, including native language websites for key European territories. Angling Direct offers a wide range of fishing tackle products from industry-leading brands, as well as its own brands, aiming to provide exceptional fishing experiences to all.

YTD Price Performance: -1.23%

Average Trading Volume: 106,477

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £30.89M

See more data about ANG stock on TipRanks’ Stock Analysis page.