Chemring Group PLC has announced that it has purchased 160,759 of its ordinary shares of 1 pence each through Investec Bank plc. The lowest price per share was 338.5 pence and the highest price per share was 347.5 pence, with a weighted average price per day of 345.9678 pence. The company intends to cancel the purchased shares. This purchase is part of the buyback program announced by the company on August 1, 2023. The aggregate information shows that the volume-weighted average price was 345.9678 pence, with a total volume of 160,759 shares. The lowest price per share was 338.50 pence and the highest price per share was 347.50 pence.

The detailed breakdown of the individual trades made by Investec on behalf of the company as part of the buyback program is also provided. The trades were made on December 19, 2023, at various times throughout the day. The number of shares purchased in each trade ranged from 1 to 1,382, and the price per share ranged from 338.50 pence to 343.50 pence. The trading venue for all the trades was XLON.

Overall, Chemring Group PLC has purchased a significant number of its own shares as part of its buyback program. The company intends to cancel these shares, which will reduce the total number of outstanding shares and potentially increase the value of the remaining shares.