Drax Group plc ( (GB:DRX) ) just unveiled an announcement.
Drax Group plc has executed a share buyback transaction, purchasing 341,736 of its ordinary shares at an average price of 586.43 pence each. This move is part of its ongoing share buyback programme initiated in August 2024, aimed at optimizing its capital structure and providing value to shareholders. The transaction impacts the total number of shares in issue and voting rights, which stakeholders can use for notification obligations under regulatory rules.
More about Drax Group plc
Drax Group plc is a prominent player in the energy sector, primarily focusing on renewable energy solutions and power generation. The company is known for its efforts in transitioning from coal to sustainable biomass energy, positioning itself as a leader in the renewable energy market.
YTD Price Performance: -8.33%
Average Trading Volume: 1,622,773
Technical Sentiment Signal: Sell
Current Market Cap: £2.14B
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