Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
GCP Infra Invt Shs GBP ( (GB:GCP) ) just unveiled an update.
GCP Infrastructure Investments Ltd announced the repurchase of 945,000 ordinary shares at an average price of 76.19 pence per share, which are to be held in treasury. This move follows the authority granted by shareholders to make such purchases, reflecting a strategic step in managing its capital. As a result of this transaction, the company now has 884,797,669 ordinary shares issued, with 24,067,803 held in treasury, impacting the calculation of voting rights for stakeholders.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd is a closed-ended investment company and a constituent of the FTSE-250, with its 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 similar assets. GCP Infra primarily targets infrastructure projects with public sector-backed revenues and seeks opportunities for partial inflation protection. The company is recognized for its contribution to positive environmental outcomes, having been awarded the London Stock Exchange’s Green Economy Mark.
YTD Price Performance: 12.03%
Average Trading Volume: 1,358,868
Technical Sentiment Consensus Rating: Strong Sell
For a thorough assessment of GCP stock, go to TipRanks’ Stock Analysis page.
