Chemring Group PLC has announced the purchase of 150,691 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 348.0 pence, and the weighted average price per day was 346.3282 pence. 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 346.3282 pence, with a total aggregated volume of 150,691 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 9th January 2024, with varying numbers of shares purchased at different prices per share on the XLON trading venue.

The company's decision to repurchase its own shares indicates its confidence in its financial position and long-term growth prospects. This move can also be seen as a way to return value to shareholders and potentially boost the company's stock price.