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Melrose ( (GB:MRO) ) has shared an announcement.
Melrose Industries PLC has announced the buyback of 65,200 of its ordinary shares on February 3, 2025, with J.P. Morgan Securities plc facilitating the transaction. The shares were bought at prices ranging from 599.8000 to 612.0000 per share, resulting in a weighted average price of 606.8233. These shares will be held in treasury, bringing the total number of treasury shares to 66,660,091, while the total number of shares in issue remains at 1,284,815,230. This move is part of Melrose’s ongoing buyback program, which aims to optimize the company’s capital structure and potentially enhance shareholder value through reduced share capital.
More about Melrose
YTD Price Performance: 10.73%
Average Trading Volume: 3,840,057
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.88B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.
