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Georgia Capital PLC ( (GB:CGEO) ) just unveiled an update.
Georgia Capital PLC has announced a transaction involving the repurchase of 10,000 of its ordinary shares through Deutsche Bank AG (London Branch) as part of its share buyback and cancellation program. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The shares were purchased at a volume-weighted average price of 2841.4324 pence per share, with the highest price being 2875.0000 pence and the lowest at 2790.0000 pence. Following this transaction, the total number of shares held in treasury will be 70,000, while the number of voting rights in the company will be 35,094,357. This transaction reflects Georgia Capital’s ongoing efforts to optimize its financial operations and could have implications for its market positioning and stakeholder interests.
More about Georgia Capital PLC
Average Trading Volume: 51,434
Technical Sentiment Signal: Buy
Current Market Cap: £979.4M
See more insights into CGEO stock on TipRanks’ Stock Analysis page.