Dowlais Group PLC (GB:DWL) has released an update.
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Dowlais Group PLC has actively engaged in a share buy-back program, purchasing 33,688 of its own shares through Investec Bank as part of a £50 million initiative. The shares were acquired at prices ranging from 51.35 to 52.50 pence each and are set to be canceled, indicating a strategic move to consolidate shares and potentially increase shareholder value. This action leaves the company with 1,359,389,423 shares in issue, maintaining the same number of voting rights.
For further insights into GB:DWL stock, check out TipRanks’ Stock Analysis page.
