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LONDON - Geiger Counter Limited, the investment company, has announced the repurchase of 6,287,262 of its ordinary shares on Monday at an average price of 39.382 pence per share. The transaction, part of the company’s ongoing share buyback program, was executed on the previous Thursday.
This latest buyback follows a series of repurchases since the Annual General Meeting held on March 5, 2025, bringing the total number of shares bought back to 12,555,960. The shares acquired through the buyback are to be held in Treasury.
As a result of the buyback, Geiger Counter Limited now has 121,447,742 Ordinary Shares with voting rights in issue, in addition to the 31,226,507 Ordinary Shares held in Treasury. This adjustment in the total number of shares with voting rights could potentially impact the value of shares held by existing investors.
The buyback reflects the company’s strategy to manage its capital effectively and could be interpreted as a signal of the company’s confidence in its own value. Share buybacks are often used by companies to return value to shareholders, as reducing the number of shares in circulation can increase the value of remaining shares and earnings per share.
It is important to note that while the share buyback might suggest a positive outlook from the company’s management, investors typically consider a range of factors when assessing the value and prospects of a company.
The information reported here is based on a press release statement and does not include any analysis or commentary on the broader implications for the market or the industry.
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