Chemring Group PLC has announced that it has purchased 31,610 of its ordinary shares of 1 pence each through Investec Bank plc. The shares were purchased on 25th August 2023 at a price range of 286 pence to 291.5 pence per share, with a weighted average price of 289.9415 pence per share. The company intends to cancel the purchased shares.

This purchase is part of the buyback program announced by Chemring on 1st August 2023. The aggregate information of the purchases made as part of the program is as follows: the volume-weighted average price was 289.9415 pence, with a total volume of 31,610 shares. The lowest price per share was 286 pence, and the highest price per share was 291.5 pence.

A schedule of individual transactions made by Investec on behalf of the company as part of the program is also provided. The transactions took place on 25th August 2023, with varying numbers of shares purchased at different prices per share. The trading venue for all transactions was XLON.

Overall, Chemring Group PLC has purchased a significant number of its own shares as part of its buyback program, with the intention of canceling them. This move may indicate the company's confidence in its own financial position and future prospects.