Berkeley Group buys back shares for cancellation

The Berkeley group’s holdings (GB:BKG) posted an update.

Berkeley Group Holdings plc has announced the repurchase and cancellation of 50,000 of its ordinary shares on 27 June 2024, pursuant to a share buyback programme agreed by shareholders. The transaction, executed through Barclays at prices ranging from 4,580 pence to 4,640 pence per share, will reduce the total number of shares outstanding, excluding treasury shares, to 105,801,453. This action is in line with the company’s strategy for managing share capital and will affect the calculation of the ownership threshold for shareholders.

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