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Vesuvius ( (GB:VSVS) ) just unveiled an update.
Vesuvius plc announced the purchase of 164,352 Ordinary Shares as part of its ongoing Share Buyback Programme, with plans to cancel the shares, reducing the total number of shares in issue. This buyback is part of a strategy to repurchase up to £50 million in shares, having already purchased 3,834,540 shares for over £16 million, which may impact shareholder interests and company valuation.
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 and customized solutions to enhance manufacturing processes’ safety, efficiency, and sustainability. Vesuvius has a worldwide presence, with cost-efficient manufacturing plants located near customer facilities, and offers flow control solutions, advanced refractories, and related technical services.
Average Trading Volume: 390,459
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.08B
For detailed information about VSVS stock, go to TipRanks’ Stock Analysis page.
