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The latest announcement is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc announced an amendment to its previous ‘Transaction in own shares’ announcement, reflecting changes in the number of ordinary shares and voting rights. The company, as part of its share buyback programme initiated in August 2024, purchased 146,107 ordinary shares at an average price of 645.51 pence. As of December 13, 2024, Drax Group holds over 427 million ordinary shares, with a substantial portion held in treasury. This buyback reflects the company’s strategic effort to manage its equity structure and could influence shareholder value and market perception.
More about Drax Group plc
Drax Group plc operates in the energy sector and is primarily focused on renewable energy generation and supply. The company is known for its biomass power generation and has a significant presence in the UK energy market.
YTD Price Performance: 37.19%
Average Trading Volume: 1,113,637
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.1B
For an in-depth examination of DRX stock, go to TipRanks’ Stock Analysis page.
