Vesuvius ( (GB:VSVS) ) has issued an update.
Vesuvius PLC has announced that Cevian Capital’s stake in the company has crossed the 23% notifiable threshold due to a reduction in the number of ordinary shares in issue, following a Share Buyback Programme initiated in November 2024. This change in shareholding highlights a significant shift in the company’s voting rights structure, potentially impacting its governance and strategic decisions.
More about Vesuvius
Vesuvius PLC is a UK-based company operating in the manufacturing industry, primarily focused on providing engineering services and solutions for high-temperature processes. The company is known for its expertise in developing products for the steel and foundry industries, aiming to enhance the efficiency and quality of its clients’ operations.
YTD Price Performance: -9.03%
Average Trading Volume: 680,804
Technical Sentiment Signal: Strong Buy
Current Market Cap: £979M
For a thorough assessment of VSVS stock, go to TipRanks’ Stock Analysis page.