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Melrose ( (GB:MRO) ) has shared an announcement.
Melrose Industries PLC has announced a share buyback, purchasing 36,600 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 540.2000 to 549.2000 pence, with an average price of 544.9471 pence per share. The company intends to hold these shares in treasury, bringing its total treasury shares to 64,908,264 and leaving 1,286,567,057 ordinary shares in issue. This transaction is part of Melrose’s ongoing buyback programme, potentially impacting its share value and signaling confidence in its financial stability.
More about Melrose
YTD Price Performance: -2.66%
Average Trading Volume: 4,453,841
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.04B
See more insights into MRO stock on TipRanks’ Stock Analysis page.
