Vesuvius ( (GB:VSVS) ) just unveiled an update.
Vesuvius plc has announced the purchase of 209,218 of its own ordinary shares as part of its ongoing Share Buyback Programme, which was initially announced in November 2024. The shares were bought at a volume-weighted average price of 409.2015 pence per share, and the company intends to cancel these shares. This move is part of a broader strategy to repurchase up to £50 million of its ordinary shares, with a total of 8,453,884 shares purchased so far for a consideration of £35,063,457.34. The cancellation of shares is expected to impact the company’s total voting rights and share capital structure, potentially affecting shareholder value and market perception.
More about Vesuvius
Vesuvius plc operates in the manufacturing industry, specializing in the production of high-performance materials and solutions for industrial applications, particularly in the steel and foundry sectors. The company focuses on providing advanced products and services that enhance the efficiency and quality of manufacturing processes.
YTD Price Performance: -3.19%
Average Trading Volume: 560,121
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.03B
For an in-depth examination of VSVS stock, go to TipRanks’ Stock Analysis page.