Eurocell ( (GB:ECEL) ) has shared an update.
Eurocell plc has announced the launch of a new share buyback program, aiming to repurchase up to £5 million of its ordinary shares. This initiative is part of the company’s strategy to enhance shareholder returns and improve earnings per share, while maintaining a strong financial position. The buyback will be managed by Berenberg, who will independently make trading decisions regarding the timing of share purchases. The move is expected to reduce the company’s share capital and is in line with the authorities granted at the 2024 AGM.
More about Eurocell
Eurocell plc is a leading UK-based company specializing in the manufacturing, recycling, and distribution of innovative PVC products for windows, doors, and rooflines. The company operates with a vertically integrated model, focusing on delivering high-quality products in the construction and home improvement sectors.
YTD Price Performance: -15.20%
Average Trading Volume: 136,713
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £148M
See more data about ECEL stock on TipRanks’ Stock Analysis page.