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Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc, a prominent player in the energy sector, has announced a significant transaction in its share buyback program. On January 24, 2025, the company successfully repurchased 316,729 of its ordinary shares at a weighted average price of 608.79 pence per share. This strategic move, executed through RBC Europe Limited, enhances Drax Group’s capital management and potentially increases shareholder value. Following this transaction, Drax Group holds 427,775,740 ordinary shares in issue, with 60,788,201 held in treasury, adjusting its total voting rights to 366,987,539. Since the program’s inception in August 2024, Drax has repurchased an aggregate of 20,701,004 shares, reflecting its commitment to optimizing its capital structure.
More about Drax Group plc
YTD Price Performance: -5.17%
Average Trading Volume: 1,048,334
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.26B
See more data about DRX stock on TipRanks’ Stock Analysis page.
