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The latest announcement is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has announced the repurchase of 100,000 of its ordinary shares as part of its ongoing share buyback programme initiated in August 2024. This transaction reflects the company’s strategic move to manage its capital structure, and the programme has seen the acquisition of over 19 million shares in total, potentially affecting shareholder interests and voting rights.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing on renewable energy production and biomass power generation. The company is known for its commitment to sustainable energy solutions and has a significant presence in the UK energy market.
YTD Price Performance: -4.94%
Average Trading Volume: 1,080,518
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.98B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.
