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Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has executed a share buyback transaction as part of its ongoing buyback program initiated in August 2024. The company purchased 75,000 ordinary shares at a weighted average price of 618.46 pence per share. This transaction reflects Drax’s strategic move to manage its capital structure and potentially enhance shareholder value. The update also provided current figures on the total shares in issue and voting rights, highlighting Drax’s continued focus on transparent communication with its stakeholders.
More about Drax Group plc
Drax Group plc operates in the energy sector, primarily focusing on renewable energy and power generation. The company is known for its biomass-fueled power stations and aims to lead in the transition to sustainable energy sources.
YTD Price Performance: -3.94%
Average Trading Volume: 1,170,745
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.28B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.
