Balfour Beatty (GB:BBY) has released an update.
Balfour Beatty PLC, a prominent international infrastructure group, has announced the purchase of 159,876 of its own ordinary shares at an average price of 361.4808 pence per share, as part of an ongoing share buyback program. These shares will be held in treasury, reducing the total number of shares in circulation and affecting the total number of voting rights, now standing at 531,713,084. This move follows the company’s strategy to repurchase a total of 12,434,518 shares, which will be retained in treasury, thereby potentially increasing shareholder value.
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