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An update from Vesuvius ( (GB:VSVS) ) is now available.
Vesuvius plc has announced the purchase of 157,931 of its ordinary shares as part of a Share Buyback Programme initiated in November 2024, with the intention to cancel these shares. This move is part of a broader strategy to repurchase up to £50 million of ordinary shares to enhance shareholder value, having already acquired 4,863,836 shares for over £20 million. This buyback is expected to impact the company’s total voting rights and share capital, aligning with shareholders’ interests as per the authority granted at the 2024 Annual General Meeting.
More about Vesuvius
Vesuvius is a global leader in molten metal flow engineering and technology, primarily serving process industries that operate in high-temperature conditions. The company offers innovative and customized solutions, including flow control solutions, advanced refractories, and technical services that enhance manufacturing safety, efficiency, and sustainability. With a strong presence in developing markets and a focus on market and technology leadership, Vesuvius aims to deliver sustainable, profitable growth for shareholders while providing a safe workplace for employees.
YTD Price Performance: -6.74%
Average Trading Volume: 425,268
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1B
See more data about VSVS stock on TipRanks’ Stock Analysis page.
