tiprankstipranks
Advertisement
Advertisement

Gresham House Income & Growth VCT Buys Back 3.5 Million Shares for Cancellation

Story Highlights
  • Gresham House Income & Growth VCT bought back 3.46 million ordinary shares for cancellation.
  • After the buyback, the trust has 316.97 million voting ordinary shares in issue, refining capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Gresham House Income & Growth VCT Buys Back 3.5 Million Shares for Cancellation

Claim 55% Off TipRanks

Income & Growth VCT plc Class S ( (GB:GHV1) ) has shared an update.

Gresham House Income & Growth VCT plc has executed a share buyback, purchasing 3,460,906 of its own ordinary shares at 61.07 pence per share for cancellation. Following this transaction, the venture capital trust now has 316,972,590 ordinary shares in issue, all carrying voting rights, a move that marginally enhances net asset value per share and reflects ongoing capital management aimed at supporting shareholder value.

More about Income & Growth VCT plc Class S

Gresham House Income & Growth VCT plc is a UK-listed venture capital trust that invests in a diversified portfolio of smaller, income-generating and growth-oriented companies, providing investors with exposure to the UK smaller companies and private equity market through a tax-efficient listed vehicle.

Average Trading Volume: 37,446

Technical Sentiment Signal: Strong Buy

For a thorough assessment of GHV1 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1