Dowlais Group PLC (GB:DWL) has released an update.
Dowlais Group PLC has executed a share buy-back program, purchasing 278,911 of its own shares at prices ranging from 50.80 to 51.80 pence, with a weighted average price of 51.4067 pence. This move is part of a larger £50 million buy-back initiative aimed at enhancing shareholder value by reducing the number of shares in circulation and consequently increasing earnings per share. The completion of this transaction leaves Dowlais with 1,365,046,437 shares in issue, influencing the total voting rights available to shareholders.
For further insights into GB:DWL stock, check out TipRanks’ Stock Analysis page.
