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LONDON - Geiger Counter Limited has disclosed the buyback of 1,458,670 of its ordinary shares on Thursday, at an average price of 40.778 pence per share. This transaction is part of the company’s ongoing share repurchase program, which has been active since the Annual General Meeting held on March 5, 2025.
The repurchased shares are to be held in Treasury, and with this latest acquisition, the total number of shares bought back by the company since the meeting in March has reached 5,794,698. Following this recent purchase, Geiger Counter Limited now has 127,735,004 Ordinary Shares with voting rights in issue, along with 24,939,245 Ordinary Shares held in Treasury.
This move is part of the company’s capital management strategy, which often aims to optimize the capital structure and share value. Share buyback programs like this can be indicative of a company’s belief that its shares are undervalued and are a common method for returning value to shareholders.
The information regarding this share buyback was released via RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement. This action reflects the company’s administrative decisions related to its share capital, and it is a factual report of the company’s transaction without any speculative or promotional content.
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