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Greencoat Renewables Plc ( (DE:GRP) ) has shared an announcement.
Greencoat Renewables PLC has continued to execute its share buyback programme, repurchasing 330,281 ordinary shares on Euronext Dublin on 16 March 2026 at prices between €0.77 and €0.79 per share, with a volume-weighted average price of €0.773. The company intends to cancel these shares, which will leave it with 1,110,622,057 ordinary shares in issue excluding 200,000 shares held in treasury, marginally enhancing earnings per share and signalling ongoing capital management discipline.
The transactions were carried out by broker J&E Davy under the mandate announced earlier in March, with detailed trade data confirming the execution across multiple intraday blocks on Euronext Dublin. This incremental reduction in free float forms part of a broader strategy to optimise the company’s capital structure and may support the share price, while having limited immediate impact on its underlying renewable energy operations.
More about Greencoat Renewables Plc
Greencoat Renewables PLC is a listed renewable energy investment company focused on owning and operating wind and other clean power assets across Europe. The company provides investors with exposure to long-term, inflation-linked cash flows from contracted renewable electricity generation, positioning itself within the growing sustainable infrastructure and green energy market.
See more insights into GRP stock on TipRanks’ Stock Analysis page.