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Vesuvius ( (GB:VSVS) ) just unveiled an announcement.
Vesuvius plc has announced the purchase of 165,566 of its own ordinary shares as part of its Share Buyback Programme, which began in November 2024. The company plans to cancel these shares, impacting its total voting rights and share count. This buyback is part of a larger effort to repurchase up to £50 million in shares, with 2,878,185 shares already acquired. This strategic financial maneuver aims to optimize the company’s capital structure and potentially increase shareholder value.
More about Vesuvius
Vesuvius is a global leader in molten metal flow engineering and technology, primarily serving process industries with high-temperature conditions. The company develops innovative, customized solutions to enhance safety, efficiency, and sustainability in manufacturing processes. Vesuvius’ offerings include flow control solutions, advanced refractories, and related technical services. With a strong global presence, Vesuvius leverages market and technology leadership, strong customer relationships, and a strategic presence in developing markets to expand its addressable markets.
YTD Price Performance: -4.64%
Average Trading Volume: 395,572
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.11B
See more data about VSVS stock on TipRanks’ Stock Analysis page.
