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An announcement from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.
GCP Infra has announced the repurchase of 50,000 ordinary shares at an average price of 71.54 pence per share, bringing the total issued shares to 884,797,669, with 19,915,019 held in treasury. This transaction, conducted under the authority granted by shareholders, aims to optimize the company’s capital structure and potentially enhance shareholder value.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd (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 long-term, sustained distributions while preserving capital through investments in UK infrastructure debt and related assets. GCP Infra focuses on projects with public sector-backed, availability-based revenues and structures investments to offer partial inflation protection. It 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: 0.56%
Average Trading Volume: 1,164,532
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on GCP stock on TipRanks’ Stock Analysis page.
