Morgan Advanced Materials ( (GB:MGAM) ) has shared an update.
Morgan Advanced Materials PLC has executed a share buyback transaction, purchasing 40,000 of its ordinary shares through Investec Bank plc at prices ranging from 254.50 to 262.50 pence per share, with a weighted average price of 256.9930 pence. The company plans to cancel these shares, which is part of a buyback program announced in November 2024, potentially impacting shareholder value and market perception by reducing the number of shares outstanding.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC is a company operating in the advanced materials industry, focusing on the development and manufacturing of high-performance materials and components. The company serves a diverse range of markets, including industrial, transportation, and healthcare sectors, providing specialized products that enhance performance and efficiency.
YTD Price Performance: -3.31%
Average Trading Volume: 840,839
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £740.2M
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