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Georgia Capital PLC Executes Share Buyback

Story Highlights
  • Georgia Capital PLC repurchased 15,000 shares as part of its buyback program.
  • The repurchased shares will be held in treasury pending cancellation, affecting share capital structure.
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Georgia Capital PLC Executes Share Buyback

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Georgia Capital PLC ( (GB:CGEO) ) just unveiled an announcement.

Georgia Capital PLC announced a transaction involving the repurchase of 15,000 ordinary shares as part of its ongoing share buyback and cancellation program. This transaction, executed by Numis Securities Limited, reflects the company’s strategic efforts to manage its share capital effectively. The purchased shares will be held in treasury until an application for their cancellation is made later this month. This move adjusts the number of voting rights and ordinary shares in issue, potentially impacting shareholder value and market perception.

More about Georgia Capital PLC

Average Trading Volume: 71,216

Technical Sentiment Signal: Buy

Current Market Cap: £779.2M

Find detailed analytics on CGEO stock on TipRanks’ Stock Analysis page.

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