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STS Trust Buys Back Shares to Manage Capital

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STS Trust Buys Back Shares to Manage Capital

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STS Global Income & Growth Trust PLC ( (GB:STS) ) has provided an announcement.

STS Global Income & Growth Trust PLC announced the purchase of 45,000 of its own ordinary shares at a price of 247.00 pence per share, which will be held in treasury. This transaction affects the company’s share capital structure, resulting in 122,351,415 issued ordinary shares excluding treasury shares. The move is part of the company’s ongoing strategy to manage its share capital and could have implications for shareholder notifications under regulatory rules.

More about STS Global Income & Growth Trust PLC

YTD Price Performance: 7.14%

Average Trading Volume: 151,890

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £301.2M

Learn more about STS stock on TipRanks’ Stock Analysis page.

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