An update from Income & Growth VCT plc Class S ( (GB:IGV) ) is now available.
Income & Growth VCT plc has announced the issuance of 1,953,760 new Ordinary Shares at a price of 64.96 pence per share under its Dividend Investment Scheme. This move increases the company’s total issued share capital to 324,196,653 shares, all of which have voting rights. The new shares are expected to begin trading on the London Stock Exchange’s main market on or around April 23, 2025. This issuance allows shareholders to calculate their interests in the company under the FCA’s Disclosure and Transparency Rules.
Spark’s Take on GB:IGV Stock
According to Spark, TipRanks’ AI Analyst, GB:IGV is a Neutral.
The overall stock score of 61 reflects a company with a strong balance sheet and attractive dividend yield, which is offset by inconsistent revenue growth and cash flow challenges. Technical indicators show a neutral market sentiment, neither strongly positive nor negative. The company’s recent corporate actions, such as share buybacks and dividend declarations, enhance shareholder value and slightly improve the outlook.
To see Spark’s full report on GB:IGV stock, click here.
More about Income & Growth VCT plc Class S
YTD Price Performance: -2.27%
Average Trading Volume: 103,605
Technical Sentiment Signal: Hold
Learn more about IGV stock on TipRanks’ Stock Analysis page.