Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.
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Octopus Renewables Infrastructure Trust plc has recently reinforced its financial position by buying back 112,820 of its own ordinary shares at an average price of 72 pence each. This strategic move, executed on the 28th of June, 2024, has led to the company holding over 1.2 million shares in treasury, with the remaining shares in issue amounting to approximately 564.9 million, setting the total voting rights at about 563.7 million. This buyback reflects the company’s commitment to managing its share capital effectively and indicates a potential boost in shareholder value.
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