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Eurocell Enhances Treasury with Share Buyback on LSE

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Eurocell Enhances Treasury with Share Buyback on LSE

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Eurocell ( (GB:ECEL) ) has issued an update.

Eurocell plc has repurchased 15,602 of its ordinary shares through its broker, Berenberg, on the London Stock Exchange at an average price of 145.96 pence per share. This buyback affects the company’s capital structure by increasing the number of shares held in treasury to 1,342,000, while the issued share capital now stands at 101,439,035 shares, impacting shareholder calculations under the Financial Conduct Authority’s rules.

More about Eurocell

Eurocell plc is a company involved in the manufacturing and supply industry, focusing primarily on producing building materials, particularly known for its uPVC products. The company targets the construction and home improvement markets, providing essential materials for both residential and commercial projects.

YTD Price Performance: -13.45%

Average Trading Volume: 228,851

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £150.2M

See more insights into ECEL stock on TipRanks’ Stock Analysis page.

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