GCP Infra Invt Shs GBP ( (GB:GCP) ) just unveiled an announcement.
GCP Infrastructure Investments Ltd announced the repurchase of 58,559 of its own ordinary shares at an average price of 73.32 pence per share, which will be held in treasury. This transaction, conducted under the authority granted at the company’s annual general meeting, impacts the total number of voting rights, now standing at 852,272,557. This move is part of the company’s broader strategy to manage its share capital and potentially enhance shareholder value.
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 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 and seeks partial inflation protection where possible. GCP Infra is managed by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
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Technical Sentiment Signal: Sell
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