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Vesuvius ( (GB:VSVS) ) has issued an update.
Vesuvius plc has announced a transaction involving the purchase and subsequent cancellation of 176,197 of its own ordinary shares as part of a share buyback programme initiated in November 2024. This programme aims to repurchase up to £50 million of ordinary shares, and as of now, the company has spent over £9.9 million on acquiring 2,357,681 shares. The move is designed to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share and consolidating the company’s market position.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving process industries operating under high-temperature conditions. The company develops innovative solutions like flow control systems and advanced refractories to enhance manufacturing safety, efficiency, and sustainability. With a worldwide presence, Vesuvius maintains strong customer relationships, especially in developing markets, and strives to deliver sustainable growth and value for shareholders.
YTD Price Performance: -3.32%
Average Trading Volume: 376,847
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.13B
For an in-depth examination of VSVS stock, go to TipRanks’ Stock Analysis page.
