Chemring Group PLC has announced that it has purchased 96,788 of its ordinary shares of 1 pence each through Investec Bank plc. The lowest price per share was 311.0 pence and the highest price per share was 318.0 pence, with a weighted average price per day of 314.1307 pence. The company intends to cancel the purchased shares. This purchase is part of the buyback program announced by the company on 1 August 2023. The aggregate information shows that the volume-weighted average price was 314.1307 pence, with a total volume of 96,788 shares. The lowest price per share was 311.00 pence and the highest price per share was 318.00 pence.

A breakdown of the individual trades made by Investec on behalf of the company as part of the program is also provided. The trades were made on 28 November 2023 at various times throughout the day. The number of shares purchased ranged from 81 to 25,000, and the prices per share ranged from 311.0 pence to 313.5 pence. The trading venue for all the transactions was XLON. Each trade is assigned a transaction reference number.

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 may have an impact on its share capital and potentially benefit its remaining shareholders.