Marlowe ( (GB:MRL) ) just unveiled an announcement.
Marlowe plc announced that Lord Michael Ashcroft, the Interim Non-Executive Chairman, has crossed a notifiable threshold in his shareholding due to the company’s repurchase and cancellation of ordinary shares as part of its buyback program. Lord Ashcroft maintains his interest in 15,310,170 ordinary shares, now representing 19.03% of the company’s issued share capital. This development reflects a strategic move in Marlowe’s financial management, potentially impacting its market positioning and shareholder dynamics.
More about Marlowe
Marlowe is a leader in business-critical services, focusing on compliance with regulations and insurance requirements in Fire Safety & Security and Water & Air Hygiene. The company has a national presence, serving around 27,000 customers, including SMEs, local authorities, NHS trusts, and FTSE 100 companies.
YTD Price Performance: 0.31%
Average Trading Volume: 368,778
Technical Sentiment Signal: Strong Sell
Current Market Cap: £262.7M
For detailed information about MRL stock, go to TipRanks’ Stock Analysis page.