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Marlowe plc Executes Share Buyback, Reducing Share Count

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Marlowe plc Executes Share Buyback, Reducing Share Count

Marlowe ( (GB:MRL) ) has provided an update.

Marlowe plc announced the purchase of 35,000 ordinary shares as part of its share buyback program, at a volume-weighted average price of 325.00 pence per share. This move will reduce the total number of shares in circulation to 80,969,240, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

More about Marlowe

Marlowe plc is a leader in business-critical services focused on ensuring compliance with stringent regulations and insurance requirements in the Fire Safety & Security and Water & Air Hygiene sectors. The company has a national presence, serving around 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.

Average Trading Volume: 374,134

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £264.1M

See more data about MRL stock on TipRanks’ Stock Analysis page.

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