An announcement from M.P. Evans ( (GB:MPE) ) is now available.
M.P. Evans Group PLC, a company with a focus on share buybacks, announced an extension of its share buyback program, allocating a budget of up to £12 million with £2 million earmarked for market purchases. The board believes the company’s assets are undervalued and aims to capitalize on its strong balance sheet to create long-term value for shareholders. The program will operate under the authority granted by shareholders, and any shares purchased will be canceled, potentially representing a significant portion of daily traded volume on the London Stock Exchange.
More about M.P. Evans
YTD Price Performance: 34.97%
Average Trading Volume: 39,964
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £499.5M
Learn more about MPE stock on TipRanks’ Stock Analysis page.