GCP Infra Repurchases Own Shares to Enhance Market Position

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GCP Infra Invt Shs GBP ( (GB:GCP) ) has provided an update.

GCP Infrastructure Investments Limited announced the repurchase of 150,000 ordinary shares at an average price of 70.65 pence per share, to be held in treasury, under the authority granted by its shareholders. This transaction affects the company’s share count for FCA reporting, impacting voting rights calculations. The move reflects GCP Infra’s strategic approach to managing its share capital and maintaining its market positioning.

More about GCP Infra Invt Shs GBP

GCP Infra is a closed-ended investment company and a constituent of the FTSE-250, with its shares traded on the London Stock Exchange. The company’s objective is to provide regular, sustained, long-term distributions to shareholders and preserve capital by investing in UK infrastructure debt and related assets. GCP Infra focuses on infrastructure projects with long-term, public sector-backed revenues and structures investments to include partial inflation protection where possible. It is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.

YTD Price Performance: 6.68%

Average Trading Volume: 1,191,634

Technical Sentiment Consensus Rating: Buy

For an in-depth examination of GCP stock, go to TipRanks’ Stock Analysis page.

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