An announcement from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company involved in various industrial sectors, announced the repurchase of 410,410 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 buyback program and reflects the company’s strategy to manage its capital structure effectively. The purchase, conducted on March 12, 2025, saw share prices ranging from 492.6000 to 532.2000, with a weighted average price of 517.0625. Following this transaction, Melrose holds 69,755,112 shares in treasury, while the total shares in issue, excluding treasury shares, stand at 1,281,720,209. This move could potentially enhance shareholder value and reflects confidence in the company’s future prospects.
More about Melrose
YTD Price Performance: -6.46%
Average Trading Volume: 3,768,699
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.24B
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