Vesuvius ( (GB:VSVS) ) has issued an announcement.
Vesuvius plc has announced the repurchase of 149,949 of its ordinary shares as part of its ongoing share buyback program, which was initiated in November 2024 to repurchase up to £50 million worth of shares. The company plans to cancel these shares, adjusting its total voting rights to 249,075,910. This move is in line with the authority granted by shareholders and aims to optimize the company’s capital structure, potentially enhancing shareholder value.
More about Vesuvius
Vesuvius plc operates in the engineering industry, focusing on the production of advanced materials and solutions for high-temperature industrial processes. The company primarily serves the steel and foundry industries, providing products and services that enhance efficiency and performance in these sectors.
YTD Price Performance: -4.61%
Average Trading Volume: 632,814
Technical Sentiment Signal: Hold
Current Market Cap: £997.7M
See more insights into VSVS stock on TipRanks’ Stock Analysis page.