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Melrose Buys Back Shares, Boosts Treasury Holdings

Melrose Buys Back Shares, Boosts Treasury Holdings

Melrose (GB:MRO) has released an update.

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Melrose Industries PLC has announced the purchase of 199,300 of its own ordinary shares, with the transaction conducted through Investec Bank plc. The shares were bought at prices ranging from 465.40 to 476.00 pence per share, with the average price standing at 470.9212 pence. These shares will be held in treasury, resulting in a total of 58,524,056 treasury shares and 1,292,951,265 ordinary shares in issue, excluding those held in treasury.

For further insights into GB:MRO stock, check out TipRanks’ Stock Analysis page.

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