Morgan Advanced Materials (GB:MGAM) has released an update.
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Morgan Advanced Materials has repurchased 39,369 of its own shares at a weighted average price of 267.43 pence per share. This buyback, executed through Investec Bank, is part of a larger program announced in November, with plans to cancel the acquired shares. Such moves often aim to reduce share count, potentially boosting earnings per share and shareholder value.
For further insights into GB:MGAM stock, check out TipRanks’ Stock Analysis page.
