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Greencoat UK Wind ( (GB:UKW) ) has provided an update.
Greencoat UK Wind PLC announced the repurchase of 250,000 ordinary shares as part of its ongoing share buyback program. This transaction, conducted on the London Stock Exchange at a weighted average price of 130.95 pence per share, reflects the company’s strategy to manage its capital structure effectively. The repurchased shares will be held in treasury, increasing the total treasury shares to 53,839,350. This buyback activity could potentially enhance shareholder value by reducing the number of shares available in the market, thereby increasing earnings per share.
More about Greencoat UK Wind
Greencoat UK Wind PLC operates in the renewable energy sector, primarily focusing on wind power generation. The company is engaged in the acquisition and management of wind farms across the UK, contributing to sustainable energy production and providing returns to shareholders through its investments in wind assets.
YTD Price Performance: 2.66%
Average Trading Volume: 3,366,866
Technical Sentiment Consensus Rating: Sell
For detailed information about UKW stock, go to TipRanks’ Stock Analysis page.
