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Georgia Capital PLC ( (GB:CGEO) ) has provided an update.
Georgia Capital PLC announced the repurchase of 30,000 ordinary shares as part of its ongoing share buyback and cancellation programme. The shares were purchased on the London Stock Exchange at an average price of 1235.5639 pence. This transaction is part of the company’s strategy to manage its capital structure and enhance shareholder value. The repurchased shares will initially be held in treasury, bringing the total number of ordinary shares in treasury to 480,000, with the company planning to cancel these shares later this month.
More about Georgia Capital PLC
YTD Price Performance: 3.67%
Average Trading Volume: 76,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £479M
See more insights into CGEO stock on TipRanks’ Stock Analysis page.
