Dowlais Group PLC (GB:DWL) has released an update.
Dowlais Group PLC has repurchased 114,941 of its ordinary shares as part of a £50 million buy-back program, with prices ranging from 52.70 to 53.90 pence. This move is set to reduce the number of shares in circulation to 1,364,320,628, which could potentially increase shareholder value by improving earnings per share. The company’s strategic decision to cancel these shares underscores its commitment to enhancing shareholder returns.
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