Drax Group plc (GB:DRX) has released an update.
Drax Group plc has repurchased 191,609 of its ordinary shares as part of its ongoing share buyback program, paying an average price of 648.69 pence per share. This strategic move is part of Drax’s efforts to manage its share capital effectively, with a total of 7,684,276 shares purchased since the program’s initiation in August 2024. Following this transaction, the company now holds a significant portion of its shares in treasury, potentially offering flexibility in future capital management.
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