Drax Group plc (GB:DRX) has released an update.
Drax Group PLC has announced the commencement of the second tranche of its share buyback program, with plans to repurchase up to £75 million worth of shares. The initiative aims to reduce the company’s share capital by purchasing shares on the open market, adding to the nearly £59 million already repurchased in the first tranche. This move is part of Drax’s broader strategy to manage its capital structure and potentially enhance shareholder value.
For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.
