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Dowlais Group PLC ( (GB:DWL) ) has issued an update.
Dowlais Group PLC has announced a significant move in its financial strategy by purchasing 279,340 of its ordinary shares as part of a £50 million share buy-back programme. This transaction, carried out through Investec Bank plc, will result in the shares being cancelled, thus reducing the total number of shares in circulation and potentially increasing the value of remaining shares, affecting shareholder interests and the company’s market position.
More about Dowlais Group PLC
YTD Price Performance: -35.01%
Average Trading Volume: 5,510,052
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £884.5M
For an in-depth examination of DWL stock, go to TipRanks’ Stock Analysis page.
