Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.
Octopus Renewables Infrastructure Trust Plc has bought back 48,404 of its own shares at an average price of 77.4 pence per share, as part of its ongoing strategy to manage its capital structure. The company now holds over 5.2 million shares in treasury, with a total of 559.7 million voting shares in circulation. This move is a part of the company’s efforts to enhance shareholder value and optimize its financial standing.
For further insights into GB:ORIT stock, check out TipRanks’ Stock Analysis page.