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GCP Infra Invt Shs GBP ( (GB:GCP) ) has provided an update.
GCP Infrastructure Investments Ltd announced the repurchase of 445,268 ordinary shares at a weighted average price of 76.36 pence per share to be held in treasury, following shareholder approval at the recent AGM. This transaction impacts the company’s issued share capital and voting rights, with 858,364,098 voting rights now in circulation. The move is part of GCP Infra’s broader strategy to manage its capital structure effectively, which could have implications for shareholder value and market perception.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd is a closed-ended investment company and part of the FTSE-250 index, with shares traded on the London Stock Exchange. The company aims to provide shareholders with regular, sustained distributions and capital preservation through investments in UK infrastructure debt and related assets. It focuses on infrastructure projects with public sector-backed revenues and incorporates partial inflation protection where possible. GCP Infra is recognized for its positive environmental contributions, holding the London Stock Exchange’s Green Economy Mark, and is advised by Gravis Capital Management Limited.
YTD Price Performance: 10.44%
Average Trading Volume: 1,442,600
Technical Sentiment Consensus Rating: Strong Sell
See more insights into GCP stock on TipRanks’ Stock Analysis page.
