Dowlais Group PLC (GB:DWL) has released an update.
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Dowlais Group PLC has initiated a substantial share buy-back program, purchasing 313,401 of its ordinary shares at an average price of 54.7752 pence per share. This move is part of a £50 million share buy-back initiative and aims to enhance shareholder value by reducing the number of shares in circulation. Following this transaction, the company now has 1,363,406,842 shares in issue.
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