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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has announced the purchase of 150,000 of its ordinary shares as part of its share buyback programme initiated in August 2024. This transaction is part of an ongoing strategy to manage its share capital, with the company having purchased a total of 21,982,981 shares for treasury since the programme’s commencement. This move reflects the company’s efforts to enhance shareholder value and could potentially affect the distribution of voting rights among stakeholders, with the current number of voting rights excluding treasury shares standing at 365,705,614.
More about Drax Group plc
YTD Price Performance: -4.71%
Average Trading Volume: 1,095,109
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.26B
For an in-depth examination of DRX stock, go to TipRanks’ Stock Analysis page.
