Chemring Group PLC has announced the purchase of 41,227 of its ordinary shares of 1 pence each through Investec Bank plc. The lowest price per share was 345 pence, the highest was 349.5 pence, and the weighted average price per day was 347.2192 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 347.2192 pence, with a total aggregated volume of 41,227 shares. The lowest price per share was 345.00 pence, and the highest was 349.50 pence.

A detailed breakdown of the individual trades made by Investec on behalf of the company as part of the program was also provided. The trades were executed on 10th April 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 a strategic move to return value to its shareholders and potentially boost the company's stock price. This action may also reflect the company's confidence in its financial position and long-term growth prospects.