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Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) just unveiled an announcement.
Octopus Renewables Infrastructure Trust plc has repurchased 250,000 of its ordinary shares at an average price of 64.60 pence per share. These shares will be held in treasury, resulting in a total of 9,743,762 shares held in treasury and 555,183,774 voting rights available for shareholder calculations. This move is part of the company’s strategy to manage its equity base and potentially enhance shareholder value by reducing the number of shares available in the market.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust plc operates in the renewable energy sector, focusing on investments in sustainable energy infrastructure projects. The company primarily deals with acquiring and managing renewable energy assets, aiming to provide stakeholders with steady returns while contributing to environmental sustainability.
YTD Price Performance: -5.00%
Average Trading Volume: 1,172,442
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of ORIT stock, go to TipRanks’ Stock Analysis page.
