Smiths Group confirms share buyback and cancellation

Smiths Group plc (GB:SMIN) posted an update.

Smiths Group plc has announced the repurchase of its shares from JP Morgan Securities, with the intention of canceling them, signaling potential confidence in the value of the company. The transactions took place on the London Stock Exchange and involved different trading platforms, with a detailed breakdown provided for each transaction. This repurchase could affect the supply and demand dynamics of the security, possibly influencing its market price and its value to shareholders.

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