Melrose ( (GB:MRO) ) has shared an announcement.
Melrose Industries PLC has announced a share buyback transaction, purchasing 64,400 of its ordinary shares through J.P. Morgan Securities plc at prices ranging from 614.8000 to 640.2000 per share. The company plans to hold these shares in treasury, which now totals 67,813,710 ordinary shares, while the total number of shares in issue, excluding treasury shares, is 1,283,661,611. This move is part of Melrose’s ongoing buyback programme, reflecting its strategy to manage capital and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: 12.21%
Average Trading Volume: 2,927,262
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.98B
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