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The latest announcement is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc announced a purchase of 100,000 ordinary shares as part of its ongoing share buyback program. This transaction reduces the number of shares in circulation and could enhance shareholder value by increasing earnings per share. As of the latest transaction, the company holds a total of 62,817,535 shares in treasury, indicating a significant commitment to its buyback strategy. Shareholders are advised to use the updated figure of 364,958,309 voting rights for any required notifications under the FCA’s rules.
More about Drax Group plc
Drax Group plc operates in the energy industry, primarily focusing on electricity generation. The company is known for its large biomass-fueled power station in the United Kingdom and is actively involved in transitioning to renewable energy sources.
YTD Price Performance: -1.00%
Average Trading Volume: 1,358,751
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.34B
See more insights into DRX stock on TipRanks’ Stock Analysis page.
