Marlowe ( (GB:MRL) ) just unveiled an announcement.
Marlowe plc has executed a share buyback program, purchasing 383,000 ordinary shares at a volume-weighted average price of 325.00 pence per share. These shares will be canceled, reducing the total number of shares in issue to 80,461,240. This move aligns with Marlowe’s strategic financial management and could impact shareholder calculations under the FCA’s rules.
More about Marlowe
Marlowe is a leader in business-critical services, ensuring compliance with regulations and insurance requirements across Fire Safety & Security and Water & Air Hygiene. The company serves approximately 27,000 customers nationwide, including SMEs, local authorities, facilities management providers, NHS trusts, and FTSE 100 companies.
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.