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The latest update is out from Vesuvius ( (GB:VSVS) ).
Vesuvius plc announced the purchase of 163,000 of its own ordinary shares as part of its ongoing Share Buyback Programme, which aims to repurchase up to £50 million of shares. This transaction, conducted through J.P. Morgan Securities plc, aligns with the authority granted by shareholders and aims to enhance shareholder value by reducing the number of shares in circulation. The purchase will result in changes to the total voting rights, impacting shareholder notifications under regulatory guidelines.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving industries operating under high temperature conditions. The company provides innovative and customized solutions to enhance the safety, efficiency, and sustainability of industrial manufacturing processes. Vesuvius operates worldwide, leveraging its network of manufacturing plants and industry experts to support customers, with strengths in market and technology leadership, customer relationships, and global reach.
YTD Price Performance: -4.73%
Average Trading Volume: 426,025
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.01B
For a thorough assessment of VSVS stock, go to TipRanks’ Stock Analysis page.
