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The latest update is out from Marlowe ( (GB:MRL) ).
Marlowe plc has repurchased 119,708 ordinary shares at a price of 320 pence per share under its share buyback programme, with plans to cancel these shares. This move will reduce the total number of shares in circulation to 82,126,862, affecting shareholder calculations under FCA’s rules. The transaction reflects Marlowe’s ongoing strategy to optimize its capital structure and potentially increase shareholder value.
More about Marlowe
Marlowe is a leader in business-critical services, ensuring compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene. The Group operates nationally, serving around 27,000 customers including SMEs, local authorities, and FTSE 100 companies across various sectors such as office complexes, manufacturing plants, and NHS trusts.
YTD Price Performance: -0.93%
Average Trading Volume: 491,240
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £264.4M
For detailed information about MRL stock, go to TipRanks’ Stock Analysis page.
