Melrose ( (GB:MRO) ) just unveiled an announcement.
Melrose Industries PLC has announced the repurchase of 370,000 of its ordinary shares through J.P. Morgan Securities plc, with the intention to hold these shares in treasury. This transaction is part of a broader share buyback program, which aims to manage the company’s capital structure and potentially enhance shareholder value. Following this transaction, Melrose holds 71,926,895 ordinary shares in treasury and has 1,279,548,426 shares in issue, excluding treasury shares.
More about Melrose
YTD Price Performance: -2.38%
Average Trading Volume: 3,631,195
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.79B
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