Chemring Group PLC has announced that it has purchased 186,522 of its ordinary shares of 1 pence each through Investec Bank plc. The lowest price per share was 344.5 pence, the highest price per share was 350.0 pence, and the weighted average price per day was 346.4473 pence. The company intends to cancel the purchased shares. This purchase is part of the buyback program that was announced by the company on August 1, 2023. The aggregate information shows that the volume-weighted average price was 346.4473 pence, with a total volume of 186,522 shares. The lowest price per share was 344.50 pence, and the highest price per share was 350.00 pence.

The schedule of purchases provides a breakdown of the individual trades made by Investec on behalf of the company as part of the buyback program. The trades took place on December 20, 2023, at various times throughout the day. The number of shares purchased ranged from 59 to 1,570, and the prices per share ranged from 349.00 pence to 350.00 pence. The trading venue for all the transactions 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.