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An update from Vesuvius ( (GB:VSVS) ) is now available.
Vesuvius plc has announced the purchase of 144,693 of its Ordinary Shares as part of its ongoing Share Buyback Programme, which started in November 2024. The company intends to cancel these shares, leading to a total of 256,722,244 Ordinary Shares in issue, excluding those held in treasury. This strategic move is part of a broader £50 million share repurchase initiative underpinned by shareholder approval, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
More about Vesuvius
Vesuvius is a global leader in molten metal flow engineering and technology, primarily serving process industries that operate under challenging high-temperature conditions. They specialize in developing innovative and customized solutions, such as flow control solutions and advanced refractories, which enhance the safety, efficiency, and sustainability of manufacturing processes. With a strong presence in developing markets and a worldwide network of manufacturing plants, Vesuvius leverages its market and technology leadership to expand its addressable markets.
Average Trading Volume: 390,459
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.08B
For a thorough assessment of VSVS stock, go to TipRanks’ Stock Analysis page.
