Vesuvius (GB:VSVS) has released an update.
Vesuvius plc, a global leader in high-temperature industrial processes, has recently completed a share buyback, purchasing 225,742 Ordinary Shares at prices ranging from 404.50p to 410.50p. This buyback is part of a larger programme announced last December, with the company having acquired over 10 million shares for nearly £47.2 million. Following the latest transaction, Vesuvius intends to cancel the purchased shares, thus reducing the number of shares in issue and potentially increasing the value for existing shareholders.
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