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Marlowe ( (GB:MRL) ) just unveiled an update.
Marlowe plc has announced a purchase of 85,000 of its own ordinary shares at a weighted average price of 320 pence per share as part of its share buyback programme. This move, executed through Cavendish Capital Markets Limited, will result in the cancellation of these shares, leaving the company with a total of 84,473,208 shares in circulation. This action reflects Marlowe’s ongoing strategies to manage its capital structure effectively and may impact shareholder’s calculations regarding their interest in the company.
More about Marlowe
Marlowe plc is a leader in providing business-critical services focused on compliance with strict regulations and insurance requirements in the sectors of Fire Safety & Security and Water & Air Hygiene. The company has a national presence serving around 27,000 customers, including SMEs, local authorities, and major companies like FTSE 100 companies across various industries.
YTD Price Performance: 86.86%
Average Trading Volume: 690,874
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £270.6M
Learn more about MRL stock on TipRanks’ Stock Analysis page.