IN BRIEF: Morgan Advanced Materials starts GBP40 million share buyback
5th Nov 2024 11:27
Morgan Advanced Materials PLC - Windsor, England-based manufacturer of carbon and ceramic materials - Launches share buyback programme worth up to GBP40 million in total. The first tranche of GBP10 million will be run by Investec Bank PLC. It will start on Tuesday and be completed by the end of March. "Our strong prospects and balance sheet have enabled us to increase returns to shareholders by supplementing our regular dividend with the launch of this share buyback programme," says Chief Executive Officer Pete Raby. "Alongside our investments to enhance both organic growth and cost rationalisation, the share buyback is further evidence of the attractive capital allocation options at the group's disposal." Read More