Mears Group Plc ( (GB:MER) ) just unveiled an update.
Mears Group PLC has announced the purchase of 90,000 ordinary shares as part of its ongoing share buyback program, which was initiated on January 30, 2025. This move, involving the cancellation of purchased shares, is part of a broader strategy to enhance shareholder value, having already seen the acquisition of over 2.7 million shares. The buyback is expected to positively impact the company’s market positioning and shareholder returns.
More about Mears Group Plc
Mears Group PLC operates in the housing and care sectors, providing services such as maintenance, repairs, and management for social housing and care facilities across the UK.
YTD Price Performance: 3.87%
Average Trading Volume: 236,416
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £318.5M
Learn more about MER stock on TipRanks’ Stock Analysis page.