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An announcement from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.
GCP Infrastructure Investments Limited announced the repurchase of 475,000 ordinary shares at an average price of 76.50 pence per share, which will be held in treasury. This transaction follows the authority granted by shareholders to make market purchases, impacting the company’s issued share capital and voting rights. The repurchase reflects ongoing efforts to manage capital efficiently and may influence stakeholders’ perspectives on the company’s financial strategies.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Limited is a closed-ended investment company and a constituent of the FTSE-250, with shares traded on the main market of the London Stock Exchange. The company aims to provide shareholders with regular, sustained, long-term distributions while preserving capital by focusing on UK infrastructure debt and related assets. GCP Infra primarily invests in infrastructure projects with long-term, public sector-backed, availability-based revenues, often structured to include 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: 9.43%
Average Trading Volume: 1,431,658
Technical Sentiment Consensus Rating: Sell
For detailed information about GCP stock, go to TipRanks’ Stock Analysis page.