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LONDON - Geiger Counter Limited (LSE:GCL) purchased 300,000 ordinary shares at an average price of 41.00 pence per share on June 13, according to a company press release issued Monday.
The repurchased shares will be held in treasury rather than canceled. This latest transaction is part of an ongoing share buyback program that has seen the company repurchase a total of 14,562,094 ordinary shares since its Annual General Meeting on March 5, 2025.
Following the transaction, Geiger Counter now has 118,967,608 ordinary shares with voting rights in issue, plus 33,706,641 ordinary shares held in treasury.
The company, which focuses on uranium investments, has been implementing its share repurchase program as authorized by shareholders at its most recent annual meeting.
Share buybacks typically allow companies to return value to shareholders by reducing the number of outstanding shares in the market, which can increase earnings per share and potentially support share prices.
The transaction was disclosed in a regulatory announcement to the London Stock Exchange (LON:LSEG).
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