Chemring Group PLC has announced that it has purchased 48,517 of its ordinary shares of 1 pence each through Investec Bank plc. The lowest price per share was 275 pence and the highest price per share was 277 pence, with a weighted average price per day of 275.516 pence. The company intends to cancel the purchased shares. This purchase is part of the buyback program announced by the company on August 1, 2023. The aggregate information shows that the volume-weighted average price was 275.5160 pence, with a total volume of 48,517 shares. The lowest price per share was 275 pence and the highest price per share was 277 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 September 28, 2023, at various times throughout the day. The number of shares purchased ranged from 10,000 to 13, with prices per share ranging from 275 pence to 277 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.