Bodycote plc (GB:BOY) has released an update.
Bodycote plc has actively progressed its share buyback program, purchasing 25,970 ordinary shares at prices ranging from 674.0p to 683.0p, with the intention to cancel these shares, consequently reducing the number of shares in issue and total voting rights. The buyback took place through HSBC Bank PLC, as part of a program announced on 15 March 2024, and since its start, the company has acquired 1,324,239 ordinary shares. This step is part of Bodycote’s strategy to manage its capital effectively and is expected to potentially benefit earnings per share for remaining shareholders.
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