Mears Group Plc (GB:MER) has released an update.
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Mears Group PLC has announced the repurchase of 128,823 of its own shares as part of its ongoing buyback program, with prices ranging between 335.50 and 341.50 pence per share. This transaction is part of a larger effort since August to buy back a total of 4,486,045 shares, all of which will be cancelled. Such strategic buybacks are often seen as a move to boost shareholder value or optimize the capital structure of the company.
For further insights into GB:MER stock, check out TipRanks’ Stock Analysis page.
