Dowlais Group PLC (GB:DWL) has released an update.
Dowlais Group PLC has executed a sizeable share buy-back, acquiring 199,637 of its own ordinary shares, with the intent to cancel them, as part of a £50 million programme. The shares were bought through Investec Bank plc with prices ranging from 80.65 to 83.8 pence, leading to no ordinary shares being held in treasury and the total number of voting rights set at 1,390,205,528. This strategic move is expected to potentially influence the company’s stock market performance and shareholder value.
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