Morgan Advanced Materials ( (GB:MGAM) ) has provided an update.
Morgan Advanced Materials has announced the continuation of its share buyback program, with a second tranche of up to £10 million set to commence immediately after the completion of the first tranche. This decision reflects the company’s strong balance sheet and its strategy to enhance shareholder value while maintaining its leverage targets. The buyback will be managed by Investec Bank plc and conducted in accordance with regulatory requirements, with any purchased shares being cancelled. The program is not expected to affect the company’s existing dividend policy.
More about Morgan Advanced Materials
Morgan Advanced Materials is a company operating in the advanced materials industry, focusing on the development and manufacturing of high-performance materials and components. The company is known for its expertise in ceramics, carbon, and composites, serving a diverse range of markets including healthcare, electronics, and industrial sectors.
YTD Price Performance: -3.31%
Average Trading Volume: 840,839
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £740.2M
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