Drax Group plc (GB:DRX) has released an update.
Drax Group plc has announced the purchase of 150,000 of its own ordinary shares at an average price of 619.89 pence per share as part of its ongoing share buyback program initiated on 7 August 2024. Following this transaction, the total number of ordinary shares in issue is 427,708,137, with 45,426,587 held in treasury. The buyback program aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares.
For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.
