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Vesuvius ( (GB:VSVS) ) just unveiled an update.
Vesuvius plc announced the purchase of 3,750 of its ordinary shares as part of its ongoing Share Buyback Programme, which commenced in November 2024. This programme aims to repurchase up to £50 million of ordinary shares, and so far, Vesuvius has spent £24,239,178.55 on repurchasing 5,807,829 shares. The buyback is conducted under the authority granted by shareholders at the 2024 Annual General Meeting, and the company plans to cancel these shares, impacting the total voting rights and share composition. This move is part of Vesuvius’s strategy to optimize its capital structure, reflect its confidence in future prospects, and potentially enhance shareholder value.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving process industries that operate under challenging high-temperature conditions. The company specializes in developing innovative and customized solutions that enhance manufacturing processes, safety, efficiency, and sustainability. Vesuvius offers products and services such as flow control solutions, advanced refractories, consumable products, and related technical services, including data capture. With a worldwide presence, Vesuvius operates cost-efficient manufacturing plants near customer facilities and embeds industry experts within operations, supported by global technology centers. The company’s strengths include market and technology leadership, strong customer relationships, and a well-established presence in developing markets, aiming to deliver sustainable, profitable growth and superior returns for shareholders.
YTD Price Performance: -4.37%
Average Trading Volume: 479,482
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.03B
See more data about VSVS stock on TipRanks’ Stock Analysis page.
