GCP Infra Invt Shs GBP ( (GB:GCP) ) has issued an update.
GCP Infrastructure Investments Ltd announced the repurchase of 500,000 ordinary shares at an average price of 74.75 pence per share, to be held in treasury. This transaction, authorized by shareholders, affects the company’s total voting rights, now standing at 856,864,098. The move is part of the company’s strategy to manage its share capital effectively, potentially impacting 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 its shares on the main market of 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. It primarily targets infrastructure projects with long-term, public sector-backed revenues and seeks to benefit from partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
YTD Price Performance: 8.71%
Average Trading Volume: 1,483,154
Technical Sentiment Consensus Rating: Sell
For detailed information about GCP stock, go to TipRanks’ Stock Analysis page.