Dowlais Group PLC (GB:DWL) has released an update.
Dowlais Group PLC has announced the purchase of 228,215 of its own ordinary shares at prices ranging from 59.75 to 63.10 pence, as part of its £50 million share buy-back program. The acquired shares are set to be cancelled, leaving the company with 1,371,986,467 shares in issue, which corresponds to the total number of voting rights. This move may influence shareholder decisions as it affects the denominator used for notifications under the FCA’s Disclosure Guidance and Transparency Rules.
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