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Vesuvius ( (GB:VSVS) ) has shared an announcement.
Vesuvius plc has executed a share buyback program, purchasing 286,305 of its ordinary shares at an average price of 400.6807 pence per share. This transaction is part of a larger initiative to repurchase up to £50 million of shares, with the company having already acquired 9,311,616 shares for £38,509,213.05. The repurchased shares will be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which may positively impact shareholder value.
More about Vesuvius
Vesuvius plc operates in the engineering industry, primarily focusing on providing molten metal flow engineering and technology solutions. The company serves the steel and foundry industries, offering products and services that enhance the efficiency and quality of metal casting processes.
YTD Price Performance: -7.33%
Average Trading Volume: 576,841
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £977.7M
For detailed information about VSVS stock, go to TipRanks’ Stock Analysis page.