An announcement from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.
GCP Infrastructure Investments Ltd announced the repurchase of 296,500 of its own ordinary shares at an average price of 74.37 pence per share, which will be held in treasury. This transaction aligns with the authority granted by shareholders to make market purchases, impacting the company’s share capital and voting rights, with 855,742,598 voting rights now in issue. This move may influence the company’s market positioning and shareholder value by potentially enhancing earnings per share and providing flexibility in capital management.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd (GCP Infra) is a closed-ended investment company and a constituent of the FTSE-250, with shares traded on the London Stock Exchange. The company aims to provide shareholders with regular, sustained, long-term distributions and preserve capital by investing in UK infrastructure debt and related assets. GCP Infra focuses on infrastructure projects with long-term, public sector-backed revenues, often structured for partial inflation protection. It is advised by Gravis Capital Management Limited and has received the Green Economy Mark from the London Stock Exchange for its positive environmental contributions.
YTD Price Performance: 8.12%
Average Trading Volume: 1,523,977
Technical Sentiment Consensus Rating: Sell
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