Vesuvius ( (GB:VSVS) ) has shared an update.
Vesuvius plc announced the purchase of 266,606 of its Ordinary Shares as part of its ongoing Share Buyback Programme, which was initiated to repurchase up to £50 million worth of shares. This move, authorized by shareholders, aims to cancel the purchased shares, reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company has repurchased a total of 10,617,799 shares for approximately £43.6 million, impacting the company’s share capital and voting rights.
More about Vesuvius
Vesuvius plc operates in the manufacturing industry, focusing on providing engineering services and products for high-temperature industrial applications. The company is known for its production of advanced ceramics and refractory materials, serving sectors such as steel and foundry industries.
YTD Price Performance: -6.50%
Average Trading Volume: 629,042
Technical Sentiment Signal: Hold
Current Market Cap: £981.2M
For a thorough assessment of VSVS stock, go to TipRanks’ Stock Analysis page.