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The latest update is out from Georgia Capital PLC ( (GB:CGEO) ).
Georgia Capital PLC has announced a transaction involving the repurchase of its own shares, as part of its ongoing share buyback and cancellation program. The company, through Deutsche Bank AG (London Branch), purchased 10,000 ordinary shares at a volume weighted average price of 2840 pence per share on the London Stock Exchange. This transaction will temporarily increase the number of shares held in treasury to 30,000, with the total number of voting rights in the company standing at 35,084,357. The repurchase and subsequent cancellation of shares are part of Georgia Capital’s strategy to manage its capital structure effectively.
More about Georgia Capital PLC
Average Trading Volume: 51,643
Technical Sentiment Signal: Buy
Current Market Cap: £1B
For detailed information about CGEO stock, go to TipRanks’ Stock Analysis page.