Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) just unveiled an announcement.
Octopus Renewables Infrastructure Trust Plc has repurchased 250,000 of its own ordinary shares at an average price of 63.48 pence per share, in accordance with the authority granted at its 2024 Annual General Meeting. This transaction increases the company’s treasury shares to 12,404,062, while the total number of voting rights stands at 552,523,474. This move is part of the company’s strategy to manage its share capital effectively, potentially impacting shareholder value and market perception.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust Plc operates in the renewable energy sector, focusing on investments in renewable energy assets. The company is involved in the acquisition and management of a diversified portfolio of renewable energy infrastructure projects, primarily in the UK and Europe, aiming to provide sustainable energy solutions and long-term returns for its stakeholders.
YTD Price Performance: -4.51%
Average Trading Volume: 1,106,371
Technical Sentiment Signal: Buy
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