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Gresham House Income & Growth 2 VCT Buys Back and Cancels 4.7 Million Shares

Story Highlights
  • Gresham House Income & Growth 2 VCT repurchased 4.67 million shares for cancellation.
  • After the buyback, the VCT has 323.1 million ordinary shares in issue with voting rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Gresham House Income & Growth 2 VCT Buys Back and Cancels 4.7 Million Shares

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An update from Mobeus Income & Growth VCT ( (GB:GHV2) ) is now available.

Gresham House Income & Growth 2 VCT plc has repurchased 4,667,133 of its own ordinary shares at 49.68 pence per share for cancellation, in a move that reduces the Company’s share capital and can be supportive of net asset value per share for remaining investors. Following this transaction, the venture capital trust now has 323,148,072 ordinary shares in issue, all carrying voting rights, a change that slightly alters the ownership structure and total voting rights while signalling ongoing active capital management by the board.

More about Mobeus Income & Growth VCT

Gresham House Income & Growth 2 VCT plc is a UK-listed venture capital trust that provides investors with exposure to a diversified portfolio of smaller, growth-oriented companies, aiming to deliver income and capital returns within the framework of UK VCT tax-efficient investing.

Average Trading Volume: 64,792

Technical Sentiment Signal: Strong Buy

Learn more about GHV2 stock on TipRanks’ Stock Analysis page.

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