Vesuvius ( (GB:VSVS) ) has provided an update.
Vesuvius plc has executed a share buyback, purchasing 197,021 of its ordinary shares as part of a £50 million buyback program initiated in November 2024. This move, which involves canceling the repurchased shares, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Vesuvius
Vesuvius plc operates in the manufacturing industry, primarily focusing on producing advanced materials and technologies for high-temperature industrial processes. The company serves sectors such as steel production and foundries, providing products and services that enhance efficiency and sustainability.
YTD Price Performance: -6.86%
Average Trading Volume: 583,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £956.6M
See more insights into VSVS stock on TipRanks’ Stock Analysis page.