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Vesuvius ( (GB:VSVS) ) has provided an update.
Vesuvius plc has announced recent transactions under its Share Buyback Programme, purchasing 85,470 of its Ordinary Shares. These shares were acquired at a price range of 408.5000p to 409.0000p per share and will be cancelled, reducing the total number of shares in circulation. This buyback is part of a broader plan to repurchase up to £50 million of shares, with 6,891,170 shares already acquired for over £28 million. The reduction in outstanding shares is expected to enhance shareholder value and may impact the company’s market position by strengthening its financial metrics.
More about Vesuvius
YTD Price Performance: -2.96%
Average Trading Volume: 548,461
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.03B
See more insights into VSVS stock on TipRanks’ Stock Analysis page.
