Melrose Industries Plc (GB:MRO) has released an update.
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Melrose Industries PLC has bought back 330,360 of its ordinary shares on 9th May 2024, with prices ranging from 593.40 to 606.40 pence per share. The shares will be held in treasury, and following the transaction, Melrose now has 45,262,908 shares in treasury. This action is part of the company’s buyback program, which is aimed at reducing the number of shares in circulation and potentially increasing the value of remaining shares.
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