Dowlais Group PLC (GB:DWL) has released an update.
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Dowlais Group PLC has executed a buy-back transaction, purchasing 293,520 of its ordinary shares at a weighted average price of 52.6193 pence per share as part of its £50 million share buy-back programme. The company plans to cancel the acquired shares, leaving a total of 1,362,801,229 shares in circulation, affecting the voting rights calculation for shareholders. This strategic move reflects the company’s initiative to enhance shareholder value and optimize its capital structure.
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