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An update from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.
GCP Infrastructure Investments Ltd announced the repurchase of 50,000 ordinary shares at an average price of 71.55 pence per share to be held in treasury, following shareholder approval from the 2024 annual general meeting. This transaction reduces the number of shares with voting rights to 864,702,650, impacting the market’s calculation of interest notifications. This strategic move by GCP Infra reflects a proactive approach to managing its share capital, potentially enhancing shareholder value and market perception.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd, a closed-ended investment company and FTSE-250 constituent, trades on the London Stock Exchange’s main market. The company aims to provide shareholders with consistent, long-term distributions and capital preservation by investing in UK infrastructure debt and similar assets, often benefiting from public sector-backed, availability-based revenues and partial inflation protection. GCP Infra is recognized for contributing to positive environmental outcomes, earning the Green Economy Mark from the London Stock Exchange.
YTD Price Performance: -0.28%
Average Trading Volume: 1,182,487
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on GCP stock on TipRanks’ Stock Analysis page.
