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Mears Group Plc ( (GB:MER) ) has issued an announcement.
Mears Group PLC has successfully completed its share buyback program, purchasing and canceling 4,319,819 ordinary shares at a total cost of £16.0 million. This buyback represents approximately 4.8% of the company’s issued share capital at the program’s inception. The completion of this program is a strategic move to enhance shareholder value and reflects the company’s strong financial position and commitment to delivering sustainable returns.
More about Mears Group Plc
Mears Group PLC is a leading provider of services to the housing sector in the UK, managing and maintaining approximately 450,000 homes across the country. The company works primarily with central and local governments through long-term contracts, focusing on property management and maintenance. Mears is dedicated to providing innovative housing solutions, particularly addressing the lack of affordable housing and supporting vulnerable populations. The company employs over 5,000 people and emphasizes long-term outcomes, customer satisfaction, and sustainable financial returns.
YTD Price Performance: 9.81%
Average Trading Volume: 318,554
Technical Sentiment Signal: Sell
Current Market Cap: £333.7M
For an in-depth examination of MER stock, go to TipRanks’ Stock Analysis page.