Marlowe ( (GB:MRL) ) just unveiled an announcement.
Marlowe plc announced the purchase of 21,923 ordinary shares as part of its share buyback program, with the shares to be cancelled. This transaction, executed at a volume-weighted average price of 325 pence per share, will reduce the total number of shares in issue to 80,439,317. This move is part of Marlowe’s strategy to manage its capital structure and could impact shareholder calculations under FCA’s rules.
More about Marlowe
Marlowe plc is a leader in business-critical services, specializing in compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene. The company has a national presence, serving approximately 27,000 customers, including SMEs, local authorities, facilities management providers, NHS trusts, and FTSE 100 companies across various sectors such as office complexes, high streets, leisure facilities, manufacturing plants, and industrial estates.
YTD Price Performance: 0.31%
Average Trading Volume: 368,778
Technical Sentiment Signal: Strong Sell
Current Market Cap: £262.7M
For a thorough assessment of MRL stock, go to TipRanks’ Stock Analysis page.