An announcement from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company involved in the acquisition and improvement of manufacturing businesses, announced the purchase of 27,230 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 636.6000 to 656.0000, with a weighted average price of 647.0233. The company plans to hold these shares in treasury, which now totals 67,902,440 ordinary shares, while the total number of shares in issue, excluding treasury shares, stands at 1,283,572,881. This transaction is part of Melrose’s ongoing share buyback program, which is aimed at optimizing its capital structure and potentially enhancing shareholder value.
More about Melrose
YTD Price Performance: 15.75%
Average Trading Volume: 2,903,390
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.23B
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