Chemring Group PLC has announced the purchase of 124,850 of its ordinary shares of 1 pence each through Investec Bank plc. The shares were bought on 16th January 2024, with the lowest price per share at 342.5 pence and the highest at 350.0 pence, resulting in a weighted average price per day of 349.0824 pence. The company intends to cancel the purchased shares.

The purchases were made as part of the buyback program announced by the company on 1st August 2023. The aggregate information shows that the volume-weighted average price was 349.0824 pence, with a total aggregated volume of 124,850 shares. The lowest price per share was 342.50 pence, and the highest was 350.00 pence.

A detailed breakdown of the individual trades made by Investec on behalf of the company as part of the program was provided. The trades took place on 16th January 2024, with varying numbers of shares purchased and prices per share at different times throughout the day.

This announcement reflects Chemring's strategic decision to repurchase its own shares, demonstrating confidence in the company's financial position and future prospects.