GCP Infra Invt Shs GBP ( (GB:GCP) ) just unveiled an announcement.
GCP Infrastructure Investments Ltd announced the repurchase of 500,000 ordinary shares at an average price of 74.82 pence per share, to be held in treasury. This transaction aligns with the authority granted by shareholders to make market purchases, impacting the total voting rights to 856,039,098. This strategic move may affect stakeholder interests and the company’s market positioning by potentially enhancing shareholder value and optimizing capital structure.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Ltd 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 structure investments to benefit from partial inflation protection. The company is recognized for its positive environmental contributions with the London Stock Exchange’s Green Economy Mark.
YTD Price Performance: 8.26%
Average Trading Volume: 1,508,274
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on GCP stock on TipRanks’ Stock Analysis page.