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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc has executed a share buyback transaction, repurchasing 333,982 ordinary shares at an average price of 606.51 pence per share as part of its ongoing share buyback programme initiated in August 2024. This transaction affects the company’s total shares in issue, now standing at 427,775,740, and reflects Drax Group’s efforts to manage its capital structure and potentially enhance shareholder value, impacting the voting rights and share interest notifications for stakeholders.
More about Drax Group plc
YTD Price Performance: -6.40%
Average Trading Volume: 1,049,439
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.23B
For a thorough assessment of DRX stock, go to TipRanks’ Stock Analysis page.
