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An update from Vesuvius ( (GB:VSVS) ) is now available.
Vesuvius plc has announced a significant transaction as part of its ongoing Share Buyback Programme, purchasing 20,816 of its own ordinary shares at an average price of 412.2947 pence per share. This buyback, which aligns with shareholder approval from the 2024 Annual General Meeting, is part of a broader plan to repurchase up to £50 million of shares, having already acquired 7,216,322 shares for nearly £30 million. The repurchased shares will be canceled, impacting the company’s total voting rights and potentially benefiting shareholders by increasing the value of remaining shares.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving process industries operating in high-temperature conditions. The company develops innovative and customized solutions for improving manufacturing processes in demanding industrial environments. Its offerings include flow control solutions, advanced refractories, and technical services such as data capture, supported by a network of manufacturing plants and global technology centers.
YTD Price Performance: -2.36%
Average Trading Volume: 569,806
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.04B
For a thorough assessment of VSVS stock, go to TipRanks’ Stock Analysis page.
