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Marlowe ( (GB:MRL) ) just unveiled an announcement.
Marlowe plc has announced the successful passing of a special resolution at its General Meeting, granting additional authority for the company to make market purchases of its own ordinary shares. This decision supports the conclusion of the share buyback program initiated in May 2024 and provides the board with greater flexibility in future capital allocation, which can impact its financial strategy and shareholder value.
More about Marlowe
Marlowe plc is a leader in business-critical services, focusing on compliance with regulations and insurance requirements in the Fire Safety & Security and Water & Air Hygiene sectors. The company has a national presence, serving approximately 27,000 customers, including SMEs, local authorities, facilities management providers, multi-site NHS trusts, and FTSE 100 companies.
YTD Price Performance: 8.33%
Average Trading Volume: 486,080
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £284.1M
See more insights into MRL stock on TipRanks’ Stock Analysis page.
