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ITV plc ( (GB:ITV) ) has shared an update.
ITV plc has executed a share buyback transaction, purchasing 26,136 of its ordinary shares at an average price of 73.52 pence per share. This move is part of a broader share buyback program initiated on 7 March 2024, aimed at reducing the number of shares in circulation, thus potentially boosting shareholder value. Following this transaction, ITV holds 120,479,277 treasury shares and has a total of 3,812,602,012 ordinary shares with voting rights. The ongoing share buyback reflects ITV’s strategic efforts to manage its capital structure effectively and return value to shareholders.
More about ITV plc
ITV plc operates in the broadcasting and media industry, primarily offering television programming and related services. The company is a prominent player in the UK television market, focusing on producing and broadcasting high-quality content to a wide audience.
YTD Price Performance: 25.69%
Average Trading Volume: 10,005,403
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.81B
See more insights into ITV stock on TipRanks’ Stock Analysis page.
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