At the start of the month, there were just over 288.26 million shares, which means Jardine Matheson’s share base has shrunk by 0.37%.
Jardine Matheson Holdings has maintained a steady pace of buying back its shares for cancellation, trimming its share base. Thus far this month, the Hong Kong-based conglomerate has bought back and cancelled more than 1.07 million shares. In contrast, Jardine Matheson in 2023 bought back a total of 4.4 million shares worth US$209 million.
The most recent buyback was on April 24 when it acquired 2,400 shares on the open market at about US$38.1 each. Upon the cancellation of the shares, the company’s share base is around 287.2 million shares.
