Melrose (GB:MRO) has released an update.
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Melrose Industries has announced a recent buyback of 84,600 of its ordinary shares, priced between 467.30p and 476.80p, with plans to hold them in treasury. This move is part of the company’s ongoing strategy to manage its capital structure, which now includes 63,073,674 shares held in treasury out of 1,288,401,647 issued shares. The buyback highlights Melrose’s commitment to enhancing shareholder value amid a dynamic financial market.
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