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Greencoat Renewables Plc ( (DE:GRP) ) has issued an announcement.
Greencoat Renewables has repurchased 302,589 ordinary shares on Euronext Dublin as part of its ongoing share buyback programme, paying a volume-weighted average price of €0.7829 per share. The company confirmed that these shares will be cancelled, reducing the free float and potentially enhancing earnings per share and capital efficiency for investors.
Following this transaction, Greencoat Renewables now has 1,108,494,493 ordinary shares in issue, excluding 200,000 shares held in treasury. The continued execution of the buyback underlines management’s commitment to active capital management amid current market conditions and may signal confidence in the underlying value of the business and its renewable asset portfolio.
More about Greencoat Renewables Plc
Greencoat Renewables plc is a listed renewable energy investment company focused on owning and operating wind and other renewable power assets. The company targets long-term, stable cash flows from contracted clean energy generation across European markets, offering investors exposure to the energy transition and infrastructure returns.
Learn more about GRP stock on TipRanks’ Stock Analysis page.