The latest announcement is out from GCP Infra Invt Shs GBP ( (GB:GCP) ).
GCP Infrastructure Investments Ltd announced the repurchase of 500,000 of its own ordinary shares at an average price of 74.12 pence per share, to be held in treasury. This transaction is part of the authority granted by shareholders to make market purchases. Following this buyback, the company has 884,797,669 ordinary shares issued, with 32,266,553 held in treasury. The move impacts the number of voting rights, which now stands at 852,531,116, and reflects the company’s strategy to manage its capital structure effectively.
More about GCP Infra Invt Shs GBP
GCP Infra is a closed-ended investment company and a constituent of the FTSE-250, with its shares traded on the main market of the London Stock Exchange. The company aims to provide shareholders with regular, sustained, long-term distributions and preserve capital by investing in UK infrastructure debt and related assets. It focuses on infrastructure projects with long-term, public sector-backed revenues, often with partial inflation protection. GCP Infra is recognized for its positive environmental contributions, having received the London Stock Exchange’s Green Economy Mark.
YTD Price Performance: 5.51%
Average Trading Volume: 1,592,918
Technical Sentiment Signal: Sell
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