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Morgan Advanced Materials ( (GB:MGAM) ) has shared an announcement.
Morgan Advanced Materials PLC has announced the repurchase of 38,900 of its ordinary shares at a weighted average price of 265.3176 pence per share. This transaction is part of a previously announced buyback programme, and the company intends to cancel these shares. This move is seen as a strategic effort to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and signaling confidence in the company’s future prospects.
More about Morgan Advanced Materials
YTD Price Performance: 0.74%
Average Trading Volume: 1,059,817
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £772.8M
Find detailed analytics on MGAM stock on TipRanks’ Stock Analysis page.
