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Greencoat Renewables Plc ( (DE:GRP) ) has issued an announcement.
Greencoat Renewables plc has continued its share buyback programme, repurchasing 428,853 ordinary shares on Euronext Dublin on 30 April 2026 at prices between €0.7700 and €0.7740, with a volume-weighted average price of €0.7709. The company plans to cancel these shares, leaving 1,095,369,255 ordinary shares in issue excluding 200,000 held in treasury, a move that marginally reduces the free float and may enhance earnings and net asset value per share for remaining investors.
The transaction, executed through broker RBC Europe Limited as part of the buyback initiative launched in early March, underlines Greencoat Renewables’ ongoing capital management efforts in a challenging market for listed renewables funds. By shrinking its share base, the company is signalling confidence in its valuation and returning capital to shareholders, while complying with EU and UK market abuse and transparency regulations governing issuer share repurchases.
More about Greencoat Renewables Plc
Greencoat Renewables plc is a listed renewable infrastructure company focused on owning and operating wind and other renewable energy assets, with its shares traded on Euronext Dublin. The company provides investors with exposure to long-term, stable cash flows from renewable power generation across its portfolio.
See more insights into GRP stock on TipRanks’ Stock Analysis page.