Marlowe (GB:MRL) has released an update.
Marlowe plc, a leader in business-critical services, has completed the purchase of 115,000 of its own shares at 343.7 pence each as part of a share buyback program announced earlier in May 2024. These shares will be subsequently cancelled, leaving the company with 87,828,737 ordinary shares. The buyback is a strategic move to enhance shareholder value and signals confidence in the company’s financial health.
For further insights into GB:MRL stock, check out TipRanks’ Stock Analysis page.
