Chemring Group PLC has announced the purchase of 59,177 of its ordinary shares of 1 pence each through Investec Bank plc. The shares were bought at prices ranging from 342.5 pence to 346.0 pence, with a weighted average price of 344.2138 pence per share. The company intends to cancel the purchased shares.

The purchases were made as part of the buyback program announced by the company on 1 August 2023. The aggregate information shows that the volume-weighted average price was 344.2138 pence, with a total aggregated volume of 59,177 shares.

A detailed breakdown of the individual trades made by Investec on behalf of the company as part of the program is provided. The trades took place on 28th February 2024, with varying numbers of shares purchased at different prices per share on the XLON trading venue.

The transactions demonstrate Chemring Group PLC's commitment to its buyback program and its intention to cancel the purchased shares. This move may indicate the company's confidence in its financial position and its strategy for returning value to shareholders.