Melrose (GB:MRO) has released an update.
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Melrose Industries has repurchased 39,900 of its ordinary shares at a weighted average price of 496.2088 pence, with the highest price being 509 pence and the lowest at 489.7 pence. These shares will be held in treasury, increasing their total treasury stock to 64,227,966 shares, while the total shares in issue remain over 1.28 billion. This move is part of Melrose’s ongoing buyback program, aimed at optimizing capital allocation and providing value to shareholders.
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