Greencoat Renewables Cancels 447,750 Shares Under Ongoing Buyback

Greencoat Renewables Plc ( (DE:GRP) ) has issued an announcement.

Greencoat Renewables plc has repurchased 447,750 ordinary shares on Euronext Dublin as part of its ongoing share buyback programme, paying a volume-weighted average price of €0.7397 per share. The company intends to cancel the repurchased shares, which will reduce the overall share count and can enhance earnings per share for existing investors.

Following this transaction, Greencoat Renewables holds 200,000 ordinary shares in treasury and has 1,098,993,557 ordinary shares in issue, excluding treasury shares. The continued execution of the buyback programme signals management’s confidence in the company’s valuation and capital position, while modestly tightening the free float in the market.

More about Greencoat Renewables Plc

Greencoat Renewables plc is a listed renewable energy investment company focused on owning and operating utility-scale wind and other renewable assets, primarily in Ireland and other European markets. The company generates stable, long-term cash flows by investing in operational renewable infrastructure and aims to provide investors with a sustainable income stream from the energy transition.

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