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Morgan Advanced Materials ( (GB:MGAM) ) has shared an announcement.
Morgan Advanced Materials PLC has repurchased 39,949 of its ordinary shares at an average price of 269.2689 pence each as part of its share buyback program announced in November 2024. This strategic move, facilitated through Investec Bank plc, will lead to the cancellation of the repurchased shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials sector, focusing on the production of high-performance materials and components. The company’s offerings primarily serve industries requiring specialized materials for demanding applications, such as thermal insulation, electrical carbon, and technical ceramics.
YTD Price Performance: -0.37%
Average Trading Volume: 930,881
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £763.8M
Learn more about MGAM stock on TipRanks’ Stock Analysis page.
