An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has executed a share buyback transaction, acquiring 150,000 of its ordinary shares at a weighted average price of 614.49 pence per share. This transaction is part of a previously announced buyback program, and following this purchase, the company now has 427,810,338 ordinary shares in issue, with 63,606,972 held in treasury. The buyback is a strategic move to manage the company’s capital structure and potentially enhance shareholder value.
More about Drax Group plc
YTD Price Performance: -4.55%
Average Trading Volume: 1,278,211
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.25B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.