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An update from Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) is now available.
Octopus Renewables Infrastructure Trust Plc has conducted a buyback of 1,079,382 ordinary shares at an average price of 65.47 pence per share, as per the authority granted at its Annual General Meeting. This transaction increases the company’s treasury holdings to 9,083,762 shares, impacting the total voting rights available to shareholders, which now stand at 555,843,774. This strategic buyback could strengthen the company’s market position and optimize shareholder value.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust Plc operates in the renewable energy sector, focusing on investing in renewable energy assets like wind and solar power. The company aims to generate sustainable returns for its stakeholders by expanding its portfolio in clean energy projects.
YTD Price Performance: -21.31%
Average Trading Volume: 985,215
Technical Sentiment Consensus Rating: Buy
See more insights into ORIT stock on TipRanks’ Stock Analysis page.
