Vesuvius ( (GB:VSVS) ) just unveiled an announcement.
Vesuvius plc has executed a share buyback program, purchasing 244,789 ordinary shares at an average price of 405.3439 pence per share. This buyback is part of a larger program to repurchase up to £50 million of shares, with the company having already acquired 9,025,311 shares for £37,362,044.17. The repurchased shares will be canceled, reducing the total number of shares in circulation and potentially increasing shareholder value. This strategic move reflects Vesuvius’s commitment to enhancing shareholder returns and optimizing its capital structure.
More about Vesuvius
Vesuvius plc operates in the engineering sector, primarily focusing on the production of advanced materials and technologies for high-temperature industrial processes. The company serves industries such as steel, foundry, and glass, providing products and services that enhance efficiency and performance.
YTD Price Performance: -4.49%
Average Trading Volume: 572,736
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.01B
Learn more about VSVS stock on TipRanks’ Stock Analysis page.