Melrose Industries Plc (GB:MRO) has released an update.
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Melrose Industries PLC has announced the repurchase of 327,118 of its ordinary shares on May 15, 2024, through Investec Bank plc, with prices ranging from 608.8 to 614.8 pence per share. These shares are to be held in treasury, and following this transaction, Melrose has 46,585,969 shares in treasury and 1,304,889,352 shares in issue (excluding treasury shares). The buyback is part of the company’s ongoing efforts to manage its share capital effectively.
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