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Getech Group plc ( (GB:GTC) ) has shared an announcement.
Getech Group plc has announced the sale of its headquarters building, Nicholson House, for £725,000, with completion expected by the end of February 2025. This transaction allows Getech to eliminate its debt by repaying outstanding borrowings and improve its financial position while maintaining operational stability through a partial leaseback arrangement. The move is part of a broader strategy to enhance Getech’s operational efficiency and support future growth.
More about Getech Group plc
Getech is a leading company specializing in locating energy and mineral resources vital for the global energy transition. It leverages geoscience expertise, AI-driven analytics, and GIS capabilities to assist in resource discovery and development, serving governments, municipalities, and various industries to promote energy and mineral self-sufficiency and progress towards net zero.
YTD Price Performance: -11.63%
Average Trading Volume: 292,235
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.9M
See more data about GTC stock on TipRanks’ Stock Analysis page.
