Marlowe ( (GB:MRL) ) has provided an update.
Marlowe plc has executed a share buyback program, purchasing 20,000 ordinary shares at a price of 325 pence each, as part of its ongoing strategy to manage capital effectively. This transaction, facilitated by Cavendish Capital Markets Limited, will result in the cancellation of the acquired shares, leaving Marlowe with 80,419,317 shares in issue. The buyback is expected to impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
More about Marlowe
Marlowe plc is a leader in business-critical services, ensuring compliance with strict regulations and insurance requirements across Fire Safety & Security and Water & Air Hygiene. The company serves approximately 27,000 customers, including SMEs, local authorities, facilities management providers, multi-site NHS trusts, and FTSE 100 companies, across various sectors such as office complexes, high streets, leisure facilities, manufacturing plants, and industrial estates.
YTD Price Performance: 0.31%
Average Trading Volume: 357,231
Technical Sentiment Signal: Strong Sell
Current Market Cap: £263M
For detailed information about MRL stock, go to TipRanks’ Stock Analysis page.