Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc has executed a share buyback transaction, purchasing 366,669 of its ordinary shares at an average price of 593.42 pence per share. This move is part of its ongoing share buyback program initiated in August 2024, aimed at consolidating its share capital and potentially enhancing shareholder value. Following this transaction, the company has 429,561,219 ordinary shares in issue, with 68,937,719 held in treasury, impacting the total voting rights available to shareholders.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing on renewable energy solutions and power generation. The company is known for its efforts in transitioning from coal to biomass and other sustainable energy sources, positioning itself as a leader in the renewable energy market.
YTD Price Performance: -8.41%
Average Trading Volume: 1,595,934
Technical Sentiment Signal: Sell
Current Market Cap: £2.14B
See more insights into DRX stock on TipRanks’ Stock Analysis page.