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Marshalls ( (GB:MSLH) ) has shared an update.
Marshalls plc has announced that its Employee Benefit Trust (EBT) has purchased 100,000 ordinary shares at an average price of 238 pence per share. This transaction is intended to satisfy awards under Marshalls’ employee share schemes and was funded by a loan from the company’s existing cash resources. The EBT now holds 216,549 ordinary shares, representing approximately 0.09% of the company’s total voting rights. This move underscores Marshalls’ commitment to its employee incentive programs and could potentially enhance employee engagement and retention, thereby positively impacting the company’s operational efficiency and market position.
More about Marshalls
Marshalls plc operates in the construction and building materials industry, primarily focusing on the production and supply of hard landscaping products. The company serves a range of markets, including commercial, public sector, and domestic customers, with a strong emphasis on sustainability and innovation in its product offerings.
YTD Price Performance: -18.85%
Average Trading Volume: 905,504
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £601.5M
See more insights into MSLH stock on TipRanks’ Stock Analysis page.