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Vesuvius ( (GB:VSVS) ) has shared an update.
Vesuvius plc has executed a share buyback of 144,736 ordinary shares at a volume-weighted average price of 406.9963 pence as part of its ongoing £50 million Share Buyback Programme. This move, conducted with J.P. Morgan Securities plc, is intended to cancel the purchased shares, thus reducing the total issued shares and adjusting the company’s voting rights. This strategic financial maneuver is indicative of Vesuvius’s commitment to enhancing shareholder value and optimizing its capital structure.
More about Vesuvius
Vesuvius is a global leader in molten metal flow engineering and technology, primarily serving process industries that operate under high temperature conditions. The company develops innovative and customized solutions to enhance manufacturing processes, offering products such as flow control solutions, advanced refractories, and related technical services. Vesuvius maintains a worldwide presence with a network of manufacturing plants and industry experts, aiming to create value for customers and sustainable growth for shareholders.
YTD Price Performance: -3.31%
Average Trading Volume: 444,346
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.04B
For a thorough assessment of VSVS stock, go to TipRanks’ Stock Analysis page.
