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Vesuvius ( (GB:VSVS) ) has shared an announcement.
Vesuvius plc announced the purchase of 166,466 of its ordinary shares as part of its ongoing share buyback program, with the intention to cancel these shares. This move aligns with the company’s strategy to manage its capital structure and potentially enhance shareholder value, while maintaining a total of 256,225,634 ordinary shares in issue. The buyback is part of a larger program to repurchase up to £50 million worth of shares, demonstrating Vesuvius’s commitment to delivering profitable growth and superior returns for its shareholders.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving industries that operate in high-temperature environments. The company develops innovative and customized solutions, such as flow control solutions and advanced refractories, to enhance manufacturing processes. Vesuvius has a worldwide presence, providing technical services and embedding industry experts within customer operations to ensure safety, efficiency, and sustainability.
YTD Price Performance: -1.42%
Average Trading Volume: 402,833
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.06B
Learn more about VSVS stock on TipRanks’ Stock Analysis page.
