Melrose ( (GB:MRO) ) has provided an announcement.
Melrose Industries PLC, a company involved in the manufacturing sector, has announced the repurchase of 206,000 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from £4.76 to £4.877, with a weighted average price of £4.827 per share. These shares will be held in treasury, increasing the total number of treasury shares to 33,462,150, while the total number of shares in issue remains at 1,278,013,171. This buyback is part of Melrose’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: -10.35%
Average Trading Volume: 3,807,026
Technical Sentiment Signal: Hold
Current Market Cap: £6.3B
See more data about MRO stock on TipRanks’ Stock Analysis page.