Baltic Classifieds Group Buyback Strengthens Stock

Baltic Classifieds Group Plc (GB:BCG) has released an update.

Baltic Classifieds Group PLC has actively engaged in the stock market by repurchasing 51,600 of its own shares on May 7, 2024, signaling a potential boost in shareholder confidence. The shares were bought through Merrill Lynch International at prices ranging from 243.00p to 249.00p, which will be subsequently cancelled, thereby reducing the number of shares in issue and potentially increasing the value of remaining shares. This buyback leaves the company with 488,878,915 ordinary shares and the same number of voting rights, as no shares are held in treasury.

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