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Bunzl plc ( (GB:BNZL) ) has provided an announcement.
Bunzl plc has announced the repurchase of 55,500 of its ordinary shares as part of its ongoing £200 million share buyback program initiated with UBS AG London Branch. This strategic move, conducted on the London Stock Exchange, involves canceling the purchased shares, thereby adjusting the total number of shares in issue to 331,073,020. The transaction signifies Bunzl’s commitment to enhancing shareholder value and optimizing its capital structure, potentially impacting market perceptions positively.
More about Bunzl plc
Bunzl plc operates in the distribution and outsourcing industry, providing a wide range of products and services including packaging, cleaning and hygiene supplies. The company focuses on delivering essential items across various sectors such as healthcare, retail, and foodservice, aiming to support businesses in optimizing their operations through efficient supply chain solutions.
YTD Price Performance: -0.91%
Average Trading Volume: 811,644
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £10.74B
See more insights into BNZL stock on TipRanks’ Stock Analysis page.
