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GCP Infra Invt Shs GBP ( (GB:GCP) ) just unveiled an announcement.
GCP Infrastructure Investments Ltd announced the repurchase of 100,000 ordinary shares at a weighted average price of 71.27 pence per share, with these shares to be held in treasury. Post-transaction, the company has 884,797,669 ordinary shares issued, with 20,045,019 shares held in treasury, leading to 864,752,650 voting rights. This share buyback reflects GCP Infra’s ongoing strategy to manage its share capital effectively, potentially enhancing shareholder value and influencing its market positioning.
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. Its primary objective is to offer shareholders regular, sustained, long-term distributions and preserve capital by investing in UK infrastructure debt and similar assets. The company focuses on infrastructure projects with long-term, public sector-backed revenues and seeks partial inflation protection where possible. GCP Infra has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
YTD Price Performance: 0.99%
Average Trading Volume: 1,164,331
Technical Sentiment Consensus Rating: Buy
Learn more about GCP stock on TipRanks’ Stock Analysis page.
