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LONDON - Geiger Counter Limited, an investment company, has announced the buyback of 950,650 of its own ordinary shares at an average price of 39.25 pence per share on Monday. 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.
Following this latest repurchase, Geiger Counter Limited now holds a total of 33,177,157 ordinary shares in Treasury. The company’s total number of ordinary shares with voting rights in issue stands at 119,497,092.
The share repurchase program is part of the company’s strategy to manage its capital efficiently. Share buybacks are a common practice among publicly traded companies, allowing them to return value to shareholders, potentially improve financial ratios, or reduce the number of shares available in the open market.
The repurchased shares will be held in Treasury, which means they are not cancelled and could potentially be reissued in the future. The company has repurchased a total of 14,032,610 ordinary shares since the last Annual General Meeting.
This move comes as part of the company’s broader financial management efforts, and it is a reflection of the board’s confidence in the value of the company. Share buyback programs are often implemented when a company’s leadership believes that its shares are undervalued on the open market.
The information regarding the share buyback has been provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement from Geiger Counter Limited. The company has made no further comments on the potential impact of the buyback on its financial position or market performance.
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