The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC has announced the repurchase of 190,000 of its ordinary shares through J.P. Morgan Securities plc, with the intention to hold these shares in treasury. The transaction reflects Melrose’s ongoing buyback program, aimed at optimizing its capital structure and potentially enhancing shareholder value. The shares were purchased at prices ranging from 518.0000 to 532.4000, with a weighted average price of 523.8432. Following this transaction, Melrose holds 32,489,795 ordinary shares in treasury, with a total of 1,278,985,526 shares in issue, excluding treasury shares.
More about Melrose
YTD Price Performance: -5.92%
Average Trading Volume: 3,757,130
Technical Sentiment Signal: Sell
Current Market Cap: £6.66B
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