Melrose ( (GB:MRO) ) has shared an update.
Melrose Industries PLC, a company engaged in strategic financial operations, announced the repurchase of 400,000 of its ordinary shares through J.P. Morgan Securities plc. The shares were acquired at prices ranging from £491.90 to £525.00, with a weighted average price of £498.33. These shares will be held in treasury, bringing the total number of treasury shares to 70,155,112, while the total shares in issue remain at 1,281,320,209. This buyback is part of Melrose’s ongoing strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
More about Melrose
YTD Price Performance: -10.40%
Average Trading Volume: 3,791,593
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.64B
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