GCP Infra Invt Shs GBP ( (GB:GCP) ) has provided an announcement.
GCP Infrastructure Investments Ltd announced the repurchase of 500,000 ordinary shares at an average price of 74.67 pence per share, to be held in treasury. This transaction, conducted under the authority granted by shareholders, results in 855,242,598 voting rights in circulation, affecting how stakeholders report their interests in the company. The move is part of GCP Infra’s strategy to manage its capital structure and potentially enhance shareholder value.
More about GCP Infra Invt Shs GBP
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 and seeks investments with partial inflation protection. The company 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: 7.11%
Average Trading Volume: 1,525,483
Technical Sentiment Consensus Rating: Sell
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