Melrose ( (GB:MRO) ) just unveiled an update.
Melrose Industries PLC has executed a share buyback program, purchasing 62,197 of its ordinary shares through J.P. Morgan Securities plc, with share prices ranging from 645 to 654.8 pence. The purchased shares will be held in treasury, increasing the total number of treasury shares to 67,366,574, while 1,284,108,747 shares remain in issue excluding treasury shares. This action reflects Melrose’s strategic initiative to optimize capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Melrose
YTD Price Performance: 16.18%
Average Trading Volume: 3,406,369
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £8.26B
See more data about MRO stock on TipRanks’ Stock Analysis page.