Georgia Capital PLC ( (GB:CGEO) ) has shared an announcement.
Georgia Capital PLC has announced a transaction involving the repurchase of 30,000 of its ordinary shares as part of a previously announced share buyback and cancellation program. This move, executed through Numis Securities Limited, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The shares were purchased at a volume-weighted average price of 1323.8416 pence per share and will be held in treasury until their cancellation later this month. This transaction reflects Georgia Capital’s ongoing efforts to optimize its financial operations and could potentially impact its market positioning by reducing the number of shares in circulation, thereby affecting the voting rights and ownership structure.
More about Georgia Capital PLC
YTD Price Performance: 7.83%
Average Trading Volume: 79,719
Technical Sentiment Signal: Strong Sell
Current Market Cap: £514.7M
See more data about CGEO stock on TipRanks’ Stock Analysis page.