Melrose (GB:MRO) has released an update.
Melrose Industries PLC has repurchased 104,500 of its ordinary shares, priced between 439.5p and 449p, as part of a buyback program executed through J.P. Morgan Securities. The shares will be held in treasury, contributing to a total of 62,194,853 shares in treasury and 1,289,280,468 shares outstanding. This strategic move could potentially enhance shareholder value by reducing the number of shares available in the market.
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