Melrose (GB:MRO) has released an update.
Melrose Industries PLC has actively engaged in repurchasing its own shares through J.P. Morgan Securities, acquiring 98,253 shares on October 3, 2024, with prices ranging from 452.8000 to 461.9000 GBP per share. Post-purchase, the company’s treasury holds 61,164,635 shares, while the total in issue (excluding treasury shares) stands at 1,290,310,686. This strategic move could reflect the company’s confidence in its value, potentially impacting investor sentiment.
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