An announcement from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.
GCP Infrastructure Investments Ltd announced the repurchase of 250,000 ordinary shares at an average price of 75.78 pence per share, to be held in treasury. This transaction is part of the authority granted by shareholders to make market purchases of its own shares. Following the repurchase, the company has 884,797,669 ordinary shares issued, with 30,705,071 held in treasury, affecting the voting rights calculation for stakeholders. This move reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd (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 provide shareholders with regular, sustained, long-term distributions and capital preservation by investing in UK infrastructure debt and related assets. GCP Infra focuses on infrastructure projects with long-term, public sector-backed revenues and seeks investments with partial inflation protection. It is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
YTD Price Performance: 8.85%
Average Trading Volume: 1,498,393
Technical Sentiment Consensus Rating: Sell
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