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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc, in line with its share buyback programme announced on August 7, 2024, has bought back 50,000 of its ordinary shares at an average price of 653.80 pence per share. The transaction, executed through RBC Europe Limited, leaves the company with 427,775,844 ordinary shares in issue and 62,585,178 held in treasury. This move reflects Drax Group’s ongoing strategy to manage its capital structure and enhance shareholder value, potentially impacting its market valuation and stakeholder interests.
More about Drax Group plc
YTD Price Performance: -2.01%
Average Trading Volume: 1,322,731
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.32B
See more insights into DRX stock on TipRanks’ Stock Analysis page.
