Chemring ( (GB:CHG) ) has shared an announcement.
Chemring Group PLC has announced the purchase of 58,159 of its ordinary shares through Investec Bank plc, as part of a buyback program initiated on February 26, 2025. The shares were acquired at prices ranging from 371.50 to 380.00 pence, with a weighted average price of 377.3103 pence. The company plans to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding and improving earnings per share.
More about Chemring
Chemring Group PLC operates in the defense and aerospace industry, providing advanced technology products and services. The company focuses on manufacturing countermeasures, sensors, and energetic systems for military, security, and safety markets globally.
YTD Price Performance: 13.70%
Average Trading Volume: 1,470,032
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.01B
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