Mears Group Plc (GB:MER) has released an update.
Mears Group PLC has actively continued its share buyback program, purchasing 85,000 of its own ordinary shares on September 25, 2024, with prices ranging from 380 to 384 GBp per share. These shares are now set to be cancelled, contributing to a total of 2,519,027 ordinary shares bought back for cancellation since the program’s announcement on August 22, 2024. This move forms part of Mears Group’s effort to reduce share capital and potentially increase the value of remaining shares.
For further insights into GB:MER stock, check out TipRanks’ Stock Analysis page.
