Marlowe (GB:MRL) has released an update.
Marlowe PLC, a leading provider of business-critical services, has recently repurchased 20,000 of its ordinary shares at a volume weighted average price of 460 pence per share, as part of a share buyback program that was previously announced. These shares will be subsequently cancelled, leaving Marlowe with a total of 96,900,606 ordinary shares. This latest move is part of Marlowe’s strategy to manage its capital and could potentially indicate confidence in the company’s value.
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