Melrose (GB:MRO) has released an update.
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Melrose Industries PLC has executed a share buyback, purchasing 78,125 ordinary shares at an average price of 507.39 pence per share. These shares will be held in treasury, adding to the company’s total of 63,543,387 treasury shares out of 1.29 billion shares in issue. Investors may find this move indicative of Melrose’s strategy to enhance shareholder value by utilizing its capital.
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