Pacific Horizon Boosts Treasury Stock with Share Buyback

Pacific Horizon Investment Trust PLC (GB:PHI) has released an update.

Pacific Horizon Investment Trust PLC has acquired 8,500 of its own ordinary shares at 568.28p each, increasing its treasury stock to 1,664,361 shares. This move leaves 90,410,600 shares in circulation, which shareholders can use for regulatory calculations. Such strategic buybacks can influence the market perception of the company’s valuation.

For further insights into GB:PHI stock, check out TipRanks’ Stock Analysis page.