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Grafton Group Advances Share Buyback Effort
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Grafton Group Advances Share Buyback Effort

Grafton Group plc (GB:GFTU) has released an update.

Grafton Group plc has continued its share buyback program by acquiring 32,398 of its own shares for cancellation, at prices ranging from £9.520 to £9.761 per share. This purchase is part of an expanded buyback plan, now totaling GBP 100 million, aimed at reducing the company’s share capital. To date, Grafton has bought back 11,090,190 shares, a move that could potentially increase shareholder value.

For further insights into GB:GFTU stock, check out TipRanks’ Stock Analysis page.

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