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Vesuvius ( (GB:VSVS) ) just unveiled an update.
Vesuvius plc announced the purchase of 228,383 of its Ordinary Shares as part of its Share Buyback Programme, initially announced in November 2024. The company plans to cancel these shares, affecting the total voting rights and share calculations for stakeholders. Since the start of the buyback program, Vesuvius has repurchased a total of 6,251,495 Ordinary Shares at a cost of £26,049,362.53, which reflects its strategic initiative to optimize capital structure and potentially increase shareholder value.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving process industries operating under high temperature conditions. The company develops innovative and customized solutions aimed at enhancing manufacturing efficiency, safety, and sustainability, including flow control solutions and advanced refractories. Vesuvius operates worldwide through a network of manufacturing plants and embeds industry experts within customer operations, supported by global technology centers. The company focuses on market and technology leadership, strong customer relationships, and presence in developing markets to expand addressable markets and deliver sustainable growth.
YTD Price Performance: -2.96%
Average Trading Volume: 490,574
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.04B
For an in-depth examination of VSVS stock, go to TipRanks’ Stock Analysis page.
