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Drax Group Advances Shareholder Value with Latest Buyback
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Drax Group Advances Shareholder Value with Latest Buyback

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An announcement from Drax Group plc ( (GB:DRX) ) is now available.

Drax Group plc has executed a share buyback, purchasing 150,000 of its ordinary shares at an average price of 664.66 pence. This move is part of a broader program initiated in August 2024, enhancing shareholder value and potentially affecting voting rights calculations for stakeholders under regulatory frameworks.

More about Drax Group plc

Drax Group plc operates in the energy sector, focusing on renewable energy generation. It is known for its biomass-led renewable power generation and is a significant player in transitioning towards sustainable energy solutions in the UK.

YTD Price Performance: 2.55%

Average Trading Volume: 1,078,206

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.16B

Learn more about DRX stock on TipRanks’ Stock Analysis page.

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