Melrose (GB:MRO) has released an update.
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Melrose Industries PLC has repurchased 77,500 of its own shares at a weighted average price of 509.8780 pence per share. These shares, acquired through J.P. Morgan Securities, will be held in treasury, reflecting the company’s ongoing strategy to manage its capital structure. Following this transaction, Melrose holds 63,796,210 ordinary shares in treasury, with 1,287,679,111 shares remaining in circulation.
For further insights into GB:MRO stock, check out TipRanks’ Stock Analysis page.
