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Drax Group Executes Share Buyback in Strategic Move
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Drax Group Executes Share Buyback in Strategic Move

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Invest with Confidence:

Drax Group plc ( (GB:DRX) ) has provided an announcement.

Drax Group plc has executed a share buyback as part of its program announced in August 2024, purchasing 100,000 ordinary shares at an average price of 619.24 pence per share. This transaction increases the total number of shares held in treasury to 59,626,241 and reduces the voting rights to 368,149,027, potentially impacting stakeholders’ notification obligations under the FCA’s rules.

More about Drax Group plc

YTD Price Performance: -2.85%

Average Trading Volume: 1,057,856

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.32B

Learn more about DRX stock on TipRanks’ Stock Analysis page.

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