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Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) has shared an announcement.
Octopus Renewables Infrastructure Trust Plc announced the buyback of 150,000 ordinary shares at an average price of 64.20 pence per share. This transaction, conducted under the authority granted at their Annual General Meeting, increases the shares held in treasury to over 9 million and adjusts the total voting rights to 555,693,774. This strategic move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust Plc is a company operating in the renewable energy sector, focusing on investing in renewable energy infrastructure assets. The company aims to generate sustainable returns by investing in a diversified portfolio of renewable energy projects.
YTD Price Performance: -21.31%
Average Trading Volume: 985,215
Technical Sentiment Consensus Rating: Buy
For detailed information about ORIT stock, go to TipRanks’ Stock Analysis page.
