An update from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, announced the purchase of 261,089 of its own ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from £4.989 to £5.324 per share, with a weighted average price of £5.160325. The company plans to hold these shares in treasury, increasing its total treasury shares to 70,416,201, while the total shares in issue remain at 1,281,059,120. This move is part of Melrose’s ongoing buyback program, which aims to optimize capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: -4.66%
Average Trading Volume: 3,823,051
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.77B
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