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GCP Infra Invt Shs GBP ( (GB:GCP) ) just unveiled an announcement.
GCP Infrastructure Investments Limited announced the repurchase of 200,000 ordinary shares at an average price of 69.88 pence per share, which will be held in treasury. This action reflects the company’s strategy to manage its share capital and aligns with shareholder authorization granted earlier in the year. Following this transaction, the company has 866,712,650 voting rights in circulation, which stakeholders should consider for reporting purposes. This move could potentially consolidate GCP Infra’s market position by optimizing its capital structure.
More about GCP Infra Invt Shs GBP
GCP Infra is a closed-ended investment company and FTSE-250 constituent, traded on the London Stock Exchange. It aims to provide shareholders with regular, long-term distributions and capital preservation by investing in UK infrastructure debt and related assets, focusing on public sector-backed projects with availability-based revenues. The company is recognized for contributing to positive environmental outcomes, receiving the London Stock Exchange’s Green Economy Mark.
YTD Price Performance: 6.98%
Average Trading Volume: 1,164,451
Technical Sentiment Consensus Rating: Buy
For detailed information about GCP stock, go to TipRanks’ Stock Analysis page.
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