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Marlowe ( (GB:MRL) ) has issued an announcement.
Marlowe plc announced a share buyback, purchasing 50,000 ordinary shares at an average price of 319.128 pence per share, which will be cancelled. This move aligns with its previously announced share buyback programme and will result in 84,173,208 ordinary shares remaining in issue. The cancellation of shares is a strategic move to optimize the company’s capital structure, potentially enhancing shareholder value and indicating confidence in the company’s financial health.
More about Marlowe
Marlowe plc is a leader in business-critical services, focusing on compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene sectors. The company has a national presence in the UK, serving approximately 27,000 customers across various sectors including SMEs, local authorities, facilities management providers, multi-site NHS trusts, and FTSE 100 companies.
YTD Price Performance: 85.69%
Average Trading Volume: 707,523
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £268.3M
For a thorough assessment of MRL stock, go to TipRanks’ Stock Analysis page.
