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Luceco plc ( (GB:LUCE) ) has shared an announcement.
Luceco plc announced that it has acquired 2,000,000 of its own shares through its Employee Benefit Trust, which are intended to satisfy future awards to beneficiaries, including executive directors and key management personnel. This move increases the total shares held by the Trust to 10,229,865, representing 6.36% of the company’s issued ordinary share capital, potentially strengthening the company’s stock position and aligning management interests with shareholder value.
More about Luceco plc
Luceco plc operates in the electrical and electronics industry, focusing on providing lighting solutions and electrical accessories. The company is known for its innovative products and services, catering to a wide range of market needs.
YTD Price Performance: 21.18%
Average Trading Volume: 262,250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £239.8M
For an in-depth examination of LUCE stock, go to TipRanks’ Stock Analysis page.
