Marlowe (GB:MRL) has released an update.
Marlowe PLC has announced the imminent completion of a £430 million divestment, expected on May 31, 2024, which includes the sale of its Governance, Risk & Compliance assets. The company plans to return up to £225 million to its shareholders through a special dividend and a new share buy-back program. Marlowe reports robust financial and strategic progress for FY24, with revenues and adjusted EBITDA for continuing operations meeting market expectations and a strong cash position anticipated post-divestment.
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