Drax Group plc (GB:DRX) has released an update.
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Drax Group plc has recently acquired 233,734 of its own ordinary shares as part of a buyback program initiated in August 2024. The share buyback aims to optimize capital structure and enhance shareholder value, with the weighted average purchase price noted at 648.77 pence. This transaction contributes to a total of 15.77 million shares bought back since the program’s start.
For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.
