Georgia Capital PLC ( (GB:CGEO) ) has issued an update.
Georgia Capital PLC has announced a transaction involving the repurchase of its ordinary shares as part of a previously announced share buyback and cancellation program. This transaction, executed by Numis Securities Limited, involved the purchase of 23,772 shares on the London Stock Exchange at a volume-weighted average price of 1300.0877 pence per share. The repurchased shares will be held in treasury until their cancellation later this month. This move is part of Georgia Capital’s strategic financial management to optimize its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation and increasing the proportionate ownership of remaining shareholders.
More about Georgia Capital PLC
YTD Price Performance: 9.67%
Average Trading Volume: 81,068
Technical Sentiment Signal: Strong Sell
Current Market Cap: £464.9M
Learn more about CGEO stock on TipRanks’ Stock Analysis page.