22 May, 2024

World: Diageo announces buyback of 2,742 of its ordinary shares

On May 22, 2024, Diageo PLC announced the buyback of 2,742 of its ordinary shares at a volume weighted average price of 2,734.89 GBp per share, with the intention to cancel the acquired shares.

The transaction was executed through the London Stock Exchange, with Merrill Lynch International acting as the intermediary.

This strategic move aligns with instructions issued by Diageo back in October 2023 and endeavours to potentially bolster shareholder value, the company said.

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