The latest announcement is out from Gamma Communications ( (GB:GAMA) ).
Gamma Communications PLC announced the purchase of 785,000 of its own ordinary shares at a price of 1,200 GBp each as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to manage the company’s share capital and potentially enhance shareholder value. Following this purchase, Gamma has acquired a total of 1,954,000 shares since the program’s inception, with plans to cancel the purchased shares, affecting the company’s total voting rights and share distribution.
More about Gamma Communications
Gamma Communications PLC operates in the telecommunications industry, providing a range of communication services and solutions. The company focuses on delivering high-quality telecommunication services to businesses, enhancing their connectivity and communication capabilities.
YTD Price Performance: -21.70%
Average Trading Volume: 483,557
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.13B
For an in-depth examination of GAMA stock, go to TipRanks’ Stock Analysis page.