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Gresham House Income & Growth VCT Cuts Share Capital Through Buyback

Story Highlights
  • Gresham House Income & Growth VCT focuses on tax-efficient investment in UK smaller companies.
  • The trust repurchased 2.45 million shares for cancellation, reducing its overall share capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Income & Growth VCT plc Class S ( (GB:GHV1) ) just unveiled an update.

Gresham House Income & Growth VCT plc has executed a share buyback, purchasing 2,449,130 of its own ordinary shares at 56.67 pence per share for cancellation. Following this transaction, the venture capital trust now has 359,268,611 ordinary shares in issue, all carrying voting rights, slightly reducing its share capital while maintaining the existing voting structure for remaining shareholders.

More about Income & Growth VCT plc Class S

Gresham House Income & Growth VCT plc is a UK-listed venture capital trust focused on providing investors with access to a diversified portfolio of growth-oriented, income-generating smaller companies. It offers ordinary shares to investors seeking tax-efficient exposure to the UK smaller company and venture capital markets.

Average Trading Volume: 59,064

Technical Sentiment Signal: Hold

Learn more about GHV1 stock on TipRanks’ Stock Analysis page.

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