Drax Group plc ( (GB:DRX) ) has shared an announcement.
Drax Group plc has announced a transaction involving the repurchase of 245,817 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. This move is part of a broader strategy to manage its capital structure and return value to shareholders, with the total number of shares held in treasury now reaching 65,574,783. The transaction reflects Drax’s continued focus on optimizing shareholder value and maintaining a robust financial position.
More about Drax Group plc
Drax Group plc operates in the energy sector, primarily focusing on renewable energy generation and biomass power production. The company is known for its commitment to sustainable energy solutions and aims to play a significant role in the transition to low-carbon energy sources.
YTD Price Performance: -13.35%
Average Trading Volume: 1,462,279
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.04B
See more insights into DRX stock on TipRanks’ Stock Analysis page.