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Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has announced a recent transaction in its share buyback program, purchasing 24,857 ordinary shares at an average price of 611.88 pence per share through RBC Europe Limited. This acquisition forms part of the ongoing program initiated in August 2024, which has seen the company buy back a total of 19,079,238 shares for treasury, impacting the number of voting rights available and reflecting a strategic move to manage its share capital and enhance shareholder value.
More about Drax Group plc
Drax Group plc is a British energy company primarily involved in renewable energy generation and biomass power production. The company focuses on transitioning to sustainable energy solutions and plays a significant role in the energy sector with a commitment to reducing carbon emissions.
YTD Price Performance: -5.56%
Average Trading Volume: 1,087,393
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.98B
Learn more about DRX stock on TipRanks’ Stock Analysis page.
