The latest announcement is out from GCP Infra Invt Shs GBP ( (GB:GCP) ).
GCP Infrastructure Investments Ltd announced the repurchase of 390,000 ordinary shares at an average price of 75.07 pence per share, to be held in treasury. This transaction follows the authority granted by shareholders to make market purchases, impacting the company’s issued share capital and voting rights, with 853,031,116 voting rights now in circulation. This strategic move may influence shareholder interests and the company’s market positioning.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd is a closed-ended investment company and a constituent of the FTSE-250, with its shares traded on the London Stock Exchange. The company aims to provide shareholders with regular, sustained, long-term distributions while preserving capital by investing in UK infrastructure debt and related assets. GCP Infra focuses on infrastructure projects with long-term, public sector-backed revenues and seeks to incorporate partial inflation protection in its investments. 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: 12.90%
Average Trading Volume: 1,536,405
Technical Sentiment Consensus Rating: Strong Sell
See more insights into GCP stock on TipRanks’ Stock Analysis page.