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An announcement from Marlowe ( (GB:MRL) ) is now available.
Marlowe plc announced the repurchase of 60,000 ordinary shares at an average price of 324.96 pence as part of its ongoing share buyback programme. This transaction, executed through Cavendish Capital Markets Limited, will result in the cancellation of these shares, reducing the total number of shares in circulation to 81,274,240. This move is likely intended to enhance shareholder value and manage the company’s capital structure, reflecting Marlowe’s strategic financial management approach.
More about Marlowe
Marlowe is a leader in business-critical services, specializing in compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene. Serving around 27,000 customers, including SMEs, local authorities, and major companies like FTSE 100 firms, the company operates nationwide across various sectors such as office complexes, manufacturing plants, and healthcare facilities.
YTD Price Performance: 0.0%
Average Trading Volume: 495,305
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £265.8M
See more insights into MRL stock on TipRanks’ Stock Analysis page.
