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Drax Group plc ( (GB:DRX) ) has issued an update.
Drax Group plc has executed a share buyback, purchasing 300,000 ordinary shares as part of its ongoing program initially announced in August 2024. This transaction reflects Drax’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and providing liquidity to shareholders. The buyback program has resulted in a total acquisition of over 18 million shares, demonstrating Drax’s commitment to returning capital to its investors.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing on renewable electricity generation. The company is known for its biomass-fueled power stations and aims to lead the transition to a low-carbon economy.
YTD Price Performance: -1.23%
Average Trading Volume: 1,075,329
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.08B
Find detailed analytics on DRX stock on TipRanks’ Stock Analysis page.
