Morgan Advanced Materials (GB:MGAM) has released an update.
Morgan Advanced Materials has launched a share buyback program worth up to £40 million to enhance shareholder value, reflecting confidence in its financial position and future prospects. The program aims to reduce share capital and boost earnings per share, with the first tranche involving £10 million in share repurchases. This initiative complements the company’s ongoing investments in growth and cost rationalization, demonstrating its strategic capital allocation.
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