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Dowlais Group PLC ( (GB:DWL) ) has shared an update.
Dowlais Group PLC announced a transaction in its own shares, purchasing 232,962 ordinary shares as part of its £50 million share buy-back program. The shares were bought at a price range of 66.25 to 67.55 pence and will be canceled, leaving the company with 1,352,462,604 shares in issue and an equal number of voting rights. This move is part of Dowlais’ strategy to optimize its capital structure and may have implications for shareholder value and market perception.
More about Dowlais Group PLC
Average Trading Volume: 5,428,290
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £908.7M
See more insights into DWL stock on TipRanks’ Stock Analysis page.
