An announcement from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, has announced the repurchase of 408,000 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 473.9 to 519.0 pence, with a weighted average price of 496.0588 pence per share. These shares will be held in treasury, bringing the total number of shares held in treasury to 69,344,702, while the total number of shares in issue remains at 1,282,130,619. This move is part of Melrose’s ongoing buyback program, which aims to enhance shareholder value and optimize capital structure.
More about Melrose
YTD Price Performance: -12.13%
Average Trading Volume: 3,743,377
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.24B
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