Vesuvius (GB:VSVS) has released an update.
Vesuvius plc has recently executed a share buyback, purchasing 60,958 of its own shares at prices ranging from 475.00p to 480.50p per share, with the intention to cancel them and reduce the total number of shares in issue. This buyback is part of a larger program, announced in December 2023, which aims to repurchase up to £50 million in shares, of which £38,154,095.64 worth has already been acquired. The reduction in share count will consequently adjust the company’s total voting rights and is in line with shareholder authorization from the 2023 Annual General Meeting.
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