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An announcement from Marlowe ( (GB:MRL) ) is now available.
Marlowe plc announced the purchase of 65,122 ordinary shares as part of its share buyback program, initially announced in May 2024. The shares were bought at an average price of 319.88 pence each and will be canceled, leaving a total of 82,061,740 ordinary shares in issue. This share buyback is part of Marlowe’s strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s future prospects.
More about Marlowe
Marlowe plc is a leader in business-critical services focused on ensuring 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 across various sectors including office complexes, high streets, leisure facilities, and industrial estates, with clients ranging from SMEs to FTSE 100 companies.
YTD Price Performance: -0.93%
Average Trading Volume: 491,240
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £264.4M
See more insights into MRL stock on TipRanks’ Stock Analysis page.
