J D Wetherspoon Cancels Shares, Updates Total Voting Rights

PUBLISHED: Apr 17 2025 @ 03:05 | Comments (0) | More info about Fiona Craig

J D Wetherspoon plc (LSE:JDW) has confirmed the cancellation of 787,819 ordinary shares previously repurchased by the company. Following this move, as of April 17, 2025, the total number of issued shares now stands at 116,906,709—each carrying voting rights. This update is intended to assist shareholders in determining their notification obligations under the Financial Conduct Authority’s transparency rules.

This share cancellation is part of Wetherspoon’s broader capital management strategy, signaling confidence in the company’s long-term value. It also reflects efforts to improve earnings per share and streamline the capital structure.

About J D Wetherspoon plc

J D Wetherspoon is a prominent UK-based pub and hospitality chain, operating a wide portfolio of pubs and bars across the country. Known for its value-driven offerings, the company provides a broad selection of food and beverages catering to a wide demographic.

Although the company has made strides in operational efficiency and financial performance, it continues to face profitability pressures and high leverage. Nonetheless, strategic actions such as share buybacks and potential dividend activity contribute to a cautiously optimistic outlook.

Year-to-Date Price Performance: +3.92%
Average Daily Trading Volume: 559,709 shares
Technical Sentiment: Bullish (Buy)
Market Capitalization: £681.7 million

While challenges remain, Wetherspoon’s ongoing recovery and proactive corporate governance measures point to the potential for improved shareholder value and long-term growth.

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