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An update from Georgia Capital PLC ( (GB:CGEO) ) is now available.
Georgia Capital PLC has announced a transaction related to its share buyback and cancellation program. The company has repurchased 6,384 of its ordinary shares at a price of 1,200 pence each, and an application to cancel these shares is expected next month. The shares will be held in treasury until then, affecting the total number of voting rights and ordinary shares in issue, which will be 39,492,751 and 39,559,135, respectively. This move aligns with their strategic financial management efforts and could impact shareholder value by potentially increasing earnings per share due to the reduced number of outstanding shares.
More about Georgia Capital PLC
YTD Price Performance: 15.46%
Average Trading Volume: 95,767
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £466.1M
See more insights into CGEO stock on TipRanks’ Stock Analysis page.
