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The latest announcement is out from Dowlais Group PLC ( (GB:DWL) ).
Dowlais Group PLC has announced the purchase of 291,101 of its ordinary shares as part of its £50 million share buy-back program. The shares were bought at prices ranging between 63.75 and 65.10 pence, with a weighted average price of 64.3662 pence. These shares will be canceled, and following this transaction, the company will have 1,354,104,104 ordinary shares in issue, with the same number of voting rights. This move is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
More about Dowlais Group PLC
YTD Price Performance: -36.60%
Average Trading Volume: 5,524,969
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £862.7M
Learn more about DWL stock on TipRanks’ Stock Analysis page.
