Source - Alliance News

Kingspan Group PLC - Kingscourt, Ireland-based building materials supplier - Launches buyback for up to 1.5 million shares to run from Friday and be completed by the end of 2024. Kingspan says the buyback, which will be run by Goodbody Stockbrokers UC, is to offset dilution from share issuances. At the current market price, 1.5 million shares are worth about €122 million. Kingspan has a market capitalisation of €15.76 billion.

Current stock price: €85.70, up 4.8% on Friday

12-month change: up 45%

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