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HICL Infra Co Shs GBP ( (GB:HICL) ) has issued an update.
HICL Infrastructure PLC announced the repurchase of 414,000 of its ordinary shares as part of its ongoing share buyback program. These shares were acquired at a weighted average price of 110.418 pence each, with the highest price paid being 110.80 pence and the lowest at 110.00 pence. This strategic move is intended to hold the acquired shares as treasury shares, potentially enhancing shareholder value and optimizing capital allocation. The transaction reduces the number of voting rights and helps streamline the company’s equity structure, further aligning with regulatory compliance under the UK’s FCA rules.
More about HICL Infra Co Shs GBP
HICL Infrastructure PLC operates in the infrastructure sector, focusing on investments in core infrastructure, primarily offering services related to the acquisition and management of infrastructure assets. The company is engaged in managing a diversified portfolio across various sectors including, but not limited to, transport, energy, and regulated utilities, aiming to provide long-term, stable yields for its investors.
YTD Price Performance: -7.24%
Average Trading Volume: 3,586,438
Technical Sentiment Consensus Rating: Buy
For detailed information about HICL stock, go to TipRanks’ Stock Analysis page.
