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Dowlais Group PLC ( (GB:DWL) ) has shared an update.
Dowlais Group PLC has announced the acquisition of 350,373 of its ordinary shares as part of a £50 million share buy-back programme, facilitated through Investec Bank plc. This transaction aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the earnings per share for remaining shareholders. Following this transaction, the company will cancel the purchased shares, maintaining a total of 1,355,064,928 ordinary shares in issue, which will also determine the voting rights in the company.
More about Dowlais Group PLC
YTD Price Performance: -34.17%
Average Trading Volume: 5,589,233
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £896.4M
Find detailed analytics on DWL stock on TipRanks’ Stock Analysis page.
