Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Vesuvius ( (GB:VSVS) ) has provided an update.
Vesuvius plc has announced the purchase of 193,946 of its own ordinary shares as part of a share buyback programme initiated on 19 November 2024. This buyback is part of a broader £50 million programme aimed at reducing the number of shares in circulation, thereby potentially increasing shareholder value. The shares were purchased at prices ranging from 434.0000p to 439.5000p, with a volume-weighted average price of 437.4756p. Following the cancellation of these shares, Vesuvius will have 257,679,813 ordinary shares in issue, which impacts the total voting rights and shareholding calculations for stakeholders.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving industries operating under high temperature conditions. The company specializes in developing innovative and customized solutions such as flow control solutions, advanced refractories, and related technical services. With a strong market and technology leadership, Vesuvius maintains a worldwide presence and focuses on providing cost-efficient manufacturing and sustainable growth for its stakeholders.
YTD Price Performance: -4.64%
Average Trading Volume: 395,572
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.11B
See more insights into VSVS stock on TipRanks’ Stock Analysis page.
