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Greencoat Renewables Plc ( (DE:GRP) ) has issued an announcement.
Greencoat Renewables PLC has repurchased 222,320 ordinary shares on Euronext Dublin as part of its newly announced share buyback programme, paying a volume-weighted average price of €0.7061 per share. The company plans to cancel these shares, which will reduce its share count and may enhance earnings per share and capital efficiency for existing investors.
Following this transaction, Greencoat Renewables now holds 200,000 ordinary shares in treasury and has 1,113,112,689 ordinary shares in issue, excluding treasury stock. The buyback activity underscores management’s use of balance sheet flexibility to support the share price and optimise the capital structure in the current market environment.
More about Greencoat Renewables Plc
Greencoat Renewables PLC is a listed renewable energy investment company focused on owning and operating wind and other renewable generation assets. Its shares trade on Euronext Dublin, giving investors exposure to income from infrastructure-scale clean energy projects across European power markets.
For an in-depth examination of GRP stock, go to TipRanks’ Overview page.