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LONDON - Geiger Counter Limited, a specialist investment company, has announced the repurchase of 500,000 of its ordinary shares on April 24, 2025, at an average price of 30.75 pence per share. This latest transaction is part of the company’s ongoing share buyback program, which has seen a total of 13,508,801 ordinary shares repurchased since the Annual General Meeting held on March 6, 2024.
Following this recent buyback, Geiger Counter Limited now has 132,370,003 ordinary shares with voting rights in circulation, in addition to 20,304,246 ordinary shares that are held in Treasury. The repurchased shares will be retained in Treasury, which may be used by the company for future purposes that align with shareholder interests.
Share buybacks are a common strategy used by companies to return value to shareholders, as they can potentially increase earnings per share and the value of remaining shares by reducing the supply.
The company has not disclosed specific reasons for the share buyback or future plans for the repurchased shares. However, such actions typically indicate a company’s confidence in its financial stability and future prospects.
The information regarding this share buyback was provided in a statement based on a press release. Geiger Counter Limited is listed on the London Stock Exchange (LON:LSEG), and further details about the company can be found on its website. The company has engaged various financial services, including Manulife | CQS Investment Management and Cavendish Capital Markets Limited, for corporate finance and sales services, while R&H Fund Services (Jersey) Limited handles enquiries.
Investors typically monitor share buyback activities as they may influence a company’s stock performance on the market. However, the long-term impact of buybacks on the company’s financial health and stock value will depend on a variety of factors, including the overall market conditions and the company’s operational performance.
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