Melrose ( (GB:MRO) ) has issued an announcement.
Melrose Industries PLC, a company involved in purchasing its own shares, has announced the acquisition of 64,036 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 619.8000 to 625.8000, with a weighted average price of 622.5738 per share. These shares will be held in treasury, increasing the company’s total treasury shares to 67,749,310, while the total number of shares in issue remains at 1,283,726,011. This buyback is part of Melrose’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: 11.85%
Average Trading Volume: 2,965,230
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.95B
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