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GCP Infra Invt Shs GBP ( (GB:GCP) ) has shared an announcement.
GCP Infrastructure Investments Ltd announced the repurchase of 250,000 of its own ordinary shares at an average price of 69.89 pence per share to be held in treasury. This action, under a general authority granted by shareholders, leaves the company with 884,797,669 ordinary shares in issue, 867,062,650 of which have voting rights. The transaction reflects GCP Infra’s ongoing strategy to manage its share capital effectively, which could influence market perception and shareholder value.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd, a closed-ended investment company listed on the FTSE-250, trades on the London Stock Exchange. The company focuses on providing shareholders with long-term distributions and capital preservation by investing in UK infrastructure debt and similar assets, particularly those backed by public sector revenues. GCP Infra aims to include partial inflation protection in its investments and is recognized with the Green Economy Mark for positive environmental outcomes.
YTD Price Performance: 6.67%
Average Trading Volume: 1,119,177
Technical Sentiment Consensus Rating: Buy
Learn more about GCP stock on TipRanks’ Stock Analysis page.
