Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Geiger Counter Limited (GCL) purchased 132,602 ordinary shares at an average price of 47.40 pence per share on August 12, according to a company statement released Wednesday.
The uranium investment company will hold all repurchased shares in treasury. Since shareholders approved an extension to the buyback authority at the General Meeting on August 7, the company has repurchased a total of 969,698 ordinary shares.
Following the latest transaction, Geiger Counter has 152,674,249 ordinary shares in issue. Of these, 114,423,095 carry voting rights while 38,251,154 are held in treasury.
The share buyback program reflects the company’s ongoing capital management strategy. Geiger Counter Limited is an investment company focused on the uranium mining and nuclear energy sectors.
The information was disclosed in a regulatory announcement to the London Stock Exchange (LON:LSEG).
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