Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Vesuvius ( (GB:VSVS) ) has provided an update.
Vesuvius plc has engaged in a share buyback program, purchasing 254,865 of its ordinary shares from J.P. Morgan Securities plc at an average price of 409.4753 pence per share. The company plans to cancel these shares, aligning with its strategy to enhance shareholder value, and following this transaction, it will have 253,246,397 ordinary shares in issue. This initiative is part of a larger program to repurchase up to £50 million worth of shares, which has so far resulted in the purchase of 7,146,035 shares for approximately £29.7 million, illustrating Vesuvius’s commitment to optimizing capital structure and returning capital to shareholders, potentially influencing its market positioning.
More about Vesuvius
YTD Price Performance: -2.96%
Average Trading Volume: 548,461
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.03B
See more insights into VSVS stock on TipRanks’ Stock Analysis page.
