Marlowe (GB:MRL) has released an update.
Marlowe PLC has successfully completed a share buyback, purchasing 50,000 shares at a volume weighted average price of 430.25 pence each, which will be cancelled to reduce the number of shares in issue. This strategic move is part of the company’s previously announced share buyback programme, and following the cancellation, Marlowe will have 88,122,519 shares in issue, excluding any held in treasury. The company is a leading provider of business-critical services, catering to a diverse range of clients including SMEs, local authorities, and FTSE 100 companies.
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