The latest announcement is out from Severfield ( (GB:SFR) ).
Severfield plc has announced the cancellation of its £10 million share buyback programme, which was initially launched in April 2024. By the end of February 2025, the company had repurchased and cancelled over 13 million ordinary shares at a cost of approximately £9.26 million. The current issued share capital stands at 296,181,987 ordinary shares, which shareholders can use to determine their voting rights under the Financial Conduct Authority’s rules.
More about Severfield
Severfield is the UK’s market leader in the design, fabrication, and construction of structural steel, with a capacity of approximately 150,000 tonnes of steel per annum. The company operates seven sites, employs around 1,900 people, and is involved in large, complex projects across various sectors. Severfield also has a significant presence in the Indian market through a joint venture with JSW Steel, India’s largest steel producer.
YTD Price Performance: -4.49%
Average Trading Volume: 516,587
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £140.1M
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