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An update from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.
GCP Infrastructure Investments Limited announced the repurchase of 100,000 of its ordinary shares at an average price of 69.13 pence per share, which will be held in treasury. This transaction is part of a buyback program authorized by shareholders in February 2024. Following this buyback, the company has 865,482,650 voting rights outstanding, excluding treasury shares. The move reflects ongoing efforts to manage capital efficiently and potentially enhance shareholder value.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Limited 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, long-term distributions while preserving capital by investing in UK infrastructure debt and related assets. GCP Infra targets infrastructure projects with long-term, public sector-backed revenues and seeks to incorporate partial inflation protection where possible. The company is recognized with the London Stock Exchange’s Green Economy Mark for its positive environmental impact.
YTD Price Performance: -1.13%
Average Trading Volume: 1,118,614
Technical Sentiment Consensus Rating: Buy
See more insights into GCP stock on TipRanks’ Stock Analysis page.
