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Severfield Buys Back Shares, Plans Cancellation
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Severfield Buys Back Shares, Plans Cancellation

Severfield Plc (GB:SFR) has released an update.

Severfield PLC has actively engaged in a share buy-back program, purchasing 50,000 of its own shares at an average price of 68.20 pence per share on the London Stock Exchange. Following the buy-back, the company plans to cancel these shares, which will affect the total number of voting rights, now standing at 309,127,386. The transaction, part of a programme authorized at the 2023 AGM, is an important update for shareholders monitoring their stake in the company.

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

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