Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.
Octopus Renewables Infrastructure Trust plc has announced the buyback of 400,000 of its own ordinary shares at an average price of 78.3965 pence per share, which will now be held in treasury. Following the transaction, the company has 3,962,182 treasury shares and a total of 564,927,536 shares issued, with the total number of voting rights standing at 560,965,354. This repurchase is part of the company’s strategy to manage capital effectively and signals potential confidence in its intrinsic value.
For further insights into GB:ORIT stock, check out TipRanks’ Stock Analysis page.
