Fidelity European Trust Buys Back Own Shares
Fidelity European Trust PLC announced on October 2, 2026, that it has repurchased 650,000 of its own shares at an average price of 420.310 pence. The company has moved these shares into its treasury.
Fidelity European Trust PLC announced on Tuesday that it has conducted a transaction involving its own shares, repurchasing 650,000 units on October 2, 2026. The shares were moved into the company's treasury following the purchase.
The company reported that the average price paid per share was 420.310 pence. The lowest price paid for a share in this transaction was 420.000 pence, while the highest price reached 421.000 pence.
Repurchasing own shares, also known as a share buyback, is a common corporate finance activity. Companies undertake these actions for various reasons, including returning capital to shareholders, increasing earnings per share, or signaling confidence in the company's valuation.
The announcement follows the completion of the transaction. Further details regarding the total number of shares held in treasury or the implications for the company's capital structure were not immediately available.