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Marlowe ( (GB:MRL) ) has issued an announcement.
Marlowe plc announced the repurchase of 28,522 ordinary shares at a volume-weighted average price of 319.9 pence per share as part of its share buyback programme. This move, executed through Cavendish Capital Markets Limited, will result in the shares being cancelled, reducing the total number of shares in circulation to 82,777,540. The repurchase and cancellation of shares are aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Marlowe
Marlowe plc is a leader in providing business-critical services focused on ensuring compliance with regulations and insurance requirements in the Fire Safety & Security and Water & Air Hygiene sectors. With a national footprint, Marlowe serves approximately 27,000 customers, including SMEs, local authorities, facilities management providers, NHS trusts, and FTSE 100 companies across various industries.
YTD Price Performance: -0.93%
Average Trading Volume: 565,446
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £266M
For an in-depth examination of MRL stock, go to TipRanks’ Stock Analysis page.
