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Mears Group Plc ( (GB:MER) ) has shared an announcement.
Mears Group PLC, a company involved in the housing and social care sectors, has announced the purchase and cancellation of 78,117 ordinary shares as part of its ongoing share buyback programme. This move is part of a larger strategy initiated on January 30, 2025, which has seen the company buy back a total of 4,319,819 shares. The cancellation of these shares is likely aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and market confidence.
More about Mears Group Plc
YTD Price Performance: 9.81%
Average Trading Volume: 318,554
Technical Sentiment Signal: Sell
Current Market Cap: £333.7M
See more data about MER stock on TipRanks’ Stock Analysis page.