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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has executed a share buyback programme, purchasing 40,194 ordinary shares at an average price of 620.09 pence per share. This transaction is part of the company’s ongoing initiative to manage its share capital and enhance shareholder value. Following this transaction, Drax Group has a total of 427,809,599 ordinary shares in issue, with 63,078,248 held in treasury, reflecting its strategic efforts to optimize capital structure and market positioning.
More about Drax Group plc
Drax Group plc is a leading energy company operating within the renewable energy sector, primarily focused on the generation and supply of biomass, hydroelectric, and gas-fired electricity. The company is committed to delivering sustainable energy solutions and reducing carbon emissions.
YTD Price Performance: -4.63%
Average Trading Volume: 1,347,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.25B
See more insights into DRX stock on TipRanks’ Stock Analysis page.
