An update from Gamma Communications ( (GB:GAMA) ) is now available.
Gamma Communications PLC announced the purchase of 100,000 of its own ordinary shares at a price of 1,178 GBp each as part of its ongoing buyback program. This move, which aims to cancel the purchased shares, is part of a strategy to enhance shareholder value and optimize the company’s capital structure. Following this transaction, Gamma has bought a total of 1,025,000 shares since the buyback program’s inception, leaving 96,475,389 ordinary shares in issue. This activity reflects Gamma’s commitment to managing its equity base effectively, potentially impacting shareholder voting rights and interest notifications under regulatory guidelines.
More about Gamma Communications
Gamma Communications PLC operates in the telecommunications industry, providing unified communications services and solutions primarily in the UK and Europe. The company focuses on delivering high-quality communication services to businesses, enhancing connectivity and collaboration.
YTD Price Performance: -23.27%
Average Trading Volume: 412,906
Technical Sentiment Signal: Buy
Current Market Cap: £1.15B
For detailed information about GAMA stock, go to TipRanks’ Stock Analysis page.