Drax Group plc ( (GB:DRX) ) has issued an announcement.
Drax Group plc has executed a share buyback transaction, purchasing 123,810 ordinary shares at a weighted average price of 633.71 pence per share. This transaction is part of the company’s ongoing share buyback program, which has seen a total of 23,369,775 shares purchased since its announcement. The buyback aims to enhance shareholder value and optimize the company’s capital structure, reflecting confidence in its financial health and future prospects.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing on renewable energy generation and biomass power production. The company is known for its efforts to transition from coal to sustainable energy sources, positioning itself as a leader in the renewable energy market.
YTD Price Performance: -1.00%
Average Trading Volume: 1,243,241
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.34B
Learn more about DRX stock on TipRanks’ Stock Analysis page.