STS Global Income & Growth Trust PLC Repurchases Shares to Strengthen Capital Structure

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

STS Global Income & Growth Trust PLC has conducted a transaction involving the repurchase of 85,000 of its own ordinary shares at an average price of 230.71 pence per share, which are to be held in treasury. This move affects the company’s share capital structure, leaving 124,269,415 issued ordinary shares excluding treasury shares, and 50,918,770 ordinary shares held in treasury. The change in share structure is relevant for stakeholders in accordance with the FCA’s Disclosure Guidance and Transparency Rules.

More about STS Global Income & Growth Trust PLC

YTD Price Performance: 10.14%

Average Trading Volume: 182,594

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £288.5M

For a thorough assessment of STS stock, go to TipRanks’ Stock Analysis page.

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