Fidelity European Trust Buys Back Own Shares
Fidelity European Trust PLC announced on July 13, 2026, that it repurchased 50,000 of its own shares. The average price paid per share was GBp 425.50.
Fidelity European Trust PLC announced on Monday, July 13, 2026, that it has executed a buyback of its own shares. The company acquired 50,000 shares, which will be held as treasury stock.
The transaction saw all shares repurchased at an average price of GBp 425.50 per share. The lowest and highest prices paid were also GBp 425.50, indicating a uniform price for the entire block of shares.
Holding repurchased shares as treasury stock is a common practice for companies looking to manage their share capital. This can be done for various reasons, including potential future share issuances for employee incentive plans or to enhance earnings per share metrics. Specific details regarding the company's total number of outstanding shares following this transaction were not immediately available.