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The latest announcement is out from Vesuvius ( (GB:VSVS) ).
Vesuvius plc announced the purchase of 166,549 of its Ordinary Shares as part of its ongoing Share Buyback Programme, which aims to repurchase up to £50 million of shares. The shares will be canceled, adjusting the total voting rights in the company to 254,783,096. This move is in line with the authority granted by shareholders and reflects the company’s strategy to enhance shareholder value and manage its capital structure effectively.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving industries that operate under high temperature conditions. The company is renowned for developing innovative and customized solutions that enhance manufacturing processes, focusing on safety, efficiency, and sustainability. Vesuvius offers flow control solutions, advanced refractories, consumable products, and related technical services such as data capture. The company boasts a worldwide presence with manufacturing plants near customer facilities and support from global technology centers, leveraging its market and technology leadership to deliver sustainable, profitable growth for shareholders.
YTD Price Performance: -3.31%
Average Trading Volume: 444,346
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.04B
Learn more about VSVS stock on TipRanks’ Stock Analysis page.
