22nd Oct 2024 10:03
Drax Group PLC - Yorkshire, England-based power generator - Confirms it will go ahead of the second tranche of its GBP300 million share buyback programme. Like the first tranche, the second will be worth up to GBP75 million. So far under the first tranche, begun in July, Drax has bought back 9.0 million shares for GBP59 million. The buyback will continue to be run by RBC Europe Ltd, and the second tranche will begin as soon as the first is completed, Drax says.
Current stock price: 652.50 pence
12-month change: up 59%
By Tom Waite, Alliance News editor
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