Chemring Group PLC has announced the purchase of 189,732 of its ordinary shares of 1 pence each through Investec Bank plc. The lowest price per share was 339.0 pence, the highest price per share was 350.0 pence, and the weighted average price per day was 348.6059 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 348.6059 pence, with an aggregated volume of 189,732 shares. The lowest price per share was 339.00 pence, and the highest price per share was 350.00 pence.

A detailed breakdown of the individual trades made by Investec on behalf of the company as part of the program is also provided. It includes the date and time of each trade, the number of shares purchased, the price per share in pence, the trading venue, and the transaction reference number.

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 future prospects.