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Severfield Executes Share Buy-Back to Optimize Capital Structure
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Severfield Executes Share Buy-Back to Optimize Capital Structure

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An announcement from Severfield ( (GB:SFR) ) is now available.

Severfield plc has executed a share buy-back program, purchasing 200,000 ordinary shares at a consistent price of 52 pence each on the London Stock Exchange. The company plans to cancel these shares, which impacts the total voting rights, now standing at 296,996,987. This transaction aligns with its strategy to manage capital effectively, potentially enhancing shareholder value and influencing ownership structure.

More about Severfield

Severfield plc operates in the construction industry, specializing in the design, fabrication, and erection of structural steelwork. The company focuses on delivering structural steel solutions for various sectors, including commercial, industrial, and infrastructure projects.

YTD Price Performance: -12.99%

Average Trading Volume: 936,316

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £155.2M

See more insights into SFR stock on TipRanks’ Stock Analysis page.

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