Marlowe (GB:MRL) has released an update.
Marlowe plc, a leading provider of business-critical services, has recently executed a share buyback, purchasing 202,000 ordinary shares at a volume weighted average price of 448.66 pence each. Post-acquisition, these shares are slated to be cancelled, which will leave Marlowe with a total of 88,317,302 ordinary shares in issue. This strategic move could signal confidence by the company in its own value, potentially influencing shareholder calculations regarding their stake in the company.
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