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Vesuvius ( (GB:VSVS) ) has shared an announcement.
Vesuvius plc has repurchased 169,736 of its ordinary shares as part of its ongoing Share Buyback Programme, which aims to repurchase up to £50 million of shares. This action reflects the company’s strategy to optimize its capital structure and return value to shareholders, while also adjusting its total voting rights to 256,881,897. The share buyback underscores Vesuvius’ financial strength and commitment to delivering sustainable, profitable growth for its stakeholders.
More about Vesuvius
Vesuvius is a global leader in molten metal flow engineering and technology, primarily serving process industries that operate in high-temperature conditions. The company develops innovative and customized solutions, including flow control solutions and advanced refractories, to enhance manufacturing processes’ safety, efficiency, and sustainability. With a worldwide presence, Vesuvius supports its customers through cost-efficient manufacturing plants and embedded industry experts, leveraging its market and technology leadership to expand its market reach.
YTD Price Performance: -8.25%
Average Trading Volume: 391,153
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.07B
Learn more about VSVS stock on TipRanks’ Stock Analysis page.
