Severfield Repurchases Shares, Adjusts Voting Rights

Severfield (GB:SFR) has released an update.

Severfield PLC has repurchased 400,000 of its own shares from the London Stock Exchange, with an average price of 48.25 pence per share, as part of its ongoing share buy-back program. The company plans to cancel these shares, impacting the total voting rights, now set at 298,689,142, which may affect shareholder notifications. This move reflects Severfield’s strategic financial maneuvers aimed at optimizing its capital structure.

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