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The latest announcement is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC announced the repurchase of 40,000 ordinary shares at a weighted average price of 272.5502 pence per share. This transaction, executed through Investec Bank plc, is part of a buyback programme initiated in November 2024, aimed at optimizing the company’s capital structure by canceling the reacquired shares.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials sector, focusing primarily on the development and manufacture of products engineered for extreme environments. The company serves a variety of markets, including energy, transportation, healthcare, electronics, and chemicals.
Average Trading Volume: 1,029,883
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £769.7M
Learn more about MGAM stock on TipRanks’ Stock Analysis page.
