Melrose ( (GB:MRO) ) just unveiled an update.
Melrose Industries PLC, a company involved in the manufacturing sector, announced the purchase of 375,268 of its ordinary shares through J.P. Morgan Securities plc. The shares were acquired at prices ranging from 528.6000 to 547.4000, with a weighted average price of 538.9753. These shares will be held in treasury, increasing the total number of treasury shares to 71,556,895, while the total shares in issue, excluding treasury shares, stands at 1,279,918,426. This buyback is part of a broader program aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
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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