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GCP Infra Invt Shs GBP ( (GB:GCP) ) has shared an update.
GCP Infrastructure Investments Ltd announced the repurchase of 405,500 ordinary shares at an average price of 74.84 pence per share to hold in treasury, following authorization from shareholders. This transaction impacts the company’s voting rights count, now totaling 860,324,366, and reflects GCP Infra’s strategic efforts to manage its share capital effectively, potentially influencing market perceptions and stakeholder interests.
More about GCP Infra Invt Shs GBP
GCP Infra is a closed-ended investment company and a constituent of the FTSE-250, with shares traded on the London Stock Exchange. The company aims to deliver regular, sustained, long-term distributions and preserve capital by investing in UK infrastructure debt and related assets. It focuses on projects with long-term, public sector-backed, availability-based revenues, often incorporating partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its environmental contributions.
YTD Price Performance: 7.83%
Average Trading Volume: 1,415,063
Technical Sentiment Consensus Rating: Sell
See more insights into GCP stock on TipRanks’ Stock Analysis page.
