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The latest update is out from Vesuvius ( (GB:VSVS) ).
Vesuvius plc has announced the purchase of 16,545 of its own ordinary shares as part of its ongoing Share Buyback Programme, which aims to repurchase up to £50 million of shares. The company intends to cancel these shares, which will adjust the total voting rights to 254,369,320, allowing shareholders to calculate their interests under the FCA’s rules. Since the programme’s initiation, Vesuvius has acquired 6,023,112 shares for a total consideration of £25,121,936.39. This move indicates Vesuvius’ strategy of optimizing shareholder value and enhancing its financial structure.
More about Vesuvius
Vesuvius is a global leader in molten metal flow engineering and technology, serving process industries with a focus on high-temperature conditions. The company develops innovative solutions for safer, more efficient, and sustainable manufacturing processes, including flow control solutions, advanced refractories, and consumable products. Vesuvius operates worldwide with a network of manufacturing plants and technology centers, fostering strong customer relationships and a presence in developing markets.
YTD Price Performance: -2.96%
Average Trading Volume: 490,574
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.04B
Learn more about VSVS stock on TipRanks’ Stock Analysis page.
