The latest announcement is out from Marlowe ( (GB:MRL) ).
Marlowe plc has executed a share buyback program, purchasing 20,000 ordinary shares at a price of 325.00 pence per share. This move will result in the cancellation of these shares, leaving the company with 80,949,240 shares in issue. The share buyback is part of Marlowe’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in its business operations.
More about Marlowe
Marlowe plc is a leader in business-critical services, focusing on compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene. The company serves around 27,000 customers nationwide, including SMEs, local authorities, facilities management providers, NHS trusts, and FTSE 100 companies.
YTD Price Performance: 0.93%
Average Trading Volume: 367,035
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £264.8M
See more insights into MRL stock on TipRanks’ Stock Analysis page.