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The latest update is out from GCP Infra Invt Shs GBP ( (GB:GCP) ).
GCP Infrastructure Investments Limited announced the repurchase of 40,000 ordinary shares at an average price of 71.99 pence per share, which will be held in treasury. Following this transaction, the total number of shares in issue stands at 884,797,669, with 864,662,650 voting rights. This move is part of the company’s strategy to manage its share capital effectively and is expected to have implications for market stakeholders, as indicated by the adjustments in voting rights.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Limited, a constituent of the FTSE-250, is a closed-ended investment company traded on the London Stock Exchange. The company’s objective is to offer shareholders regular long-term distributions and capital preservation by investing in UK infrastructure debt and related assets. GCP Infra focuses on infrastructure projects that have long-term, public sector-backed revenues. It is recognized with the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
YTD Price Performance: 2.12%
Average Trading Volume: 1,195,943
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of GCP stock, go to TipRanks’ Stock Analysis page.
