Vesuvius (GB:VSVS) has released an update.
Vesuvius plc has announced the buyback of 101,519 of its ordinary shares at prices ranging from 465.50p to 472.00p per share, under its £50 million Share Buyback Programme. The buyback is a part of the company’s plan, endorsed by shareholders, and the shares are set to be cancelled, which will reduce the number of shares in issue and consequently the total voting rights. To date, Vesuvius has acquired 7,028,999 shares for a total consideration of approximately £33.59 million.
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