GCP Infra Invt Shs GBP ( (GB:GCP) ) has shared an update.
GCP Infrastructure Investments Limited announced the repurchase of 450,000 ordinary shares at a weighted average price of 75.01 pence per share, which will be held in treasury. This transaction, conducted under the authority granted by shareholders, results in 854,792,598 voting rights for reporting purposes. The move reflects the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value and maintaining its market position.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Limited (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 to benefit from partial inflation protection. It is advised by Gravis Capital Management Limited and has been recognized with the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
YTD Price Performance: 8.13%
Average Trading Volume: 1,557,581
Technical Sentiment Consensus Rating: Sell
See more insights into GCP stock on TipRanks’ Stock Analysis page.