Source - Alliance News
Drax Group PLC - Selby, North Yorkshire-based electricity generator - Completes £300 million share buyback on Wednesday, buying 47.2 million shares since early August. The buyback was managed by JP Morgan Securities PLC. On Thursday, Drax launches the first tranche of the £450 million buyback extension that it announced in July. The first tranche will be worth up to £75 million and also will be run by JP Morgan. All the repurchased shares will be held in treasury for cancellation or re-issue.
Current stock price: 711.30 pence, up 1.3% in London on Thursday
12-month change: up 12%
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