Marlowe plc Executes Share Buyback to Optimize Capital Structure

Marlowe ( (GB:MRL) ) has provided an announcement.

Marlowe plc announced the purchase of 303,000 ordinary shares as part of its share buyback program, at a volume-weighted average price of 323.28 pence per share. Following the cancellation of these shares, the total number of shares in issue will be 80,036,317. This move is part of Marlowe’s ongoing strategy to manage its capital structure, potentially enhancing shareholder value and indicating confidence in the company’s financial health.

More about Marlowe

Marlowe plc is a leader in business-critical services, focusing on compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene. The company has a national presence, serving around 27,000 customers, including SMEs, local authorities, facilities management providers, NHS trusts, and FTSE 100 companies across various sectors such as office complexes, high streets, and industrial estates.

YTD Price Performance: -0.62%

Average Trading Volume: 365,169

Technical Sentiment Signal: Strong Sell

Current Market Cap: £258.7M

Learn more about MRL stock on TipRanks’ Stock Analysis page.