Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Geiger Counter Limited (GCL) has purchased 299,210 ordinary shares at an average price of 47.65 pence per share on August 11, according to a company statement released Tuesday.
The repurchased shares will be held in treasury rather than canceled. This latest transaction is part of an ongoing share buyback program that was extended following shareholder approval at the company’s General Meeting on August 7.
Since receiving the extended buyback authority, Geiger Counter has repurchased a total of 837,096 ordinary shares.
Following the latest purchase, the company’s capital structure now consists of 152,674,249 ordinary shares in issue. Of these, 114,555,697 shares carry voting rights, while 38,118,552 shares are held in treasury.
The share repurchase announcement comes as part of the company’s capital management strategy, as outlined in the press release statement.
Geiger Counter Limited is managed by Manulife | CQS Investment Management, with Cavendish Capital Markets Limited serving as corporate broker.
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