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An announcement from Georgia Capital PLC ( (GB:CGEO) ) is now available.
Georgia Capital PLC has announced a share buyback and cancellation program, purchasing 30,000 of its ordinary shares through Numis Securities Limited. This strategic action, initially revealed in December 2024, aims to enhance shareholder value by reducing the number of shares in circulation. The transaction was executed on the London Stock Exchange at a volume-weighted average price of 1215.1227 pence per share. Following this buyback, the company will hold 120,000 shares in treasury, with 38,837,283 voting rights remaining. This move is part of Georgia Capital’s efforts to optimize its capital structure, potentially signaling confidence in its financial position and future growth prospects, which could positively impact its market perception.
More about Georgia Capital PLC
YTD Price Performance: 1.50%
Average Trading Volume: 80,814
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £473.8M
Find detailed analytics on CGEO stock on TipRanks’ Stock Analysis page.
