Bullish indicating open at $55-$60, IPO prices at $37
JERSEY - Geiger Counter Limited (GCL) purchased 237,886 ordinary shares at an average price of 46.73 pence per share on August 7, the company announced Friday.
The shares acquired through the buyback will be held in Treasury, according to the statement based on a company press release. This represents the first repurchase since shareholders voted to extend the buyback authority at the General Meeting held on August 7.
Following the transaction, Geiger Counter has 152,674,249 ordinary shares in issue, with 115,154,907 shares carrying voting rights and 37,519,342 shares held in Treasury.
The company, which focuses on investments in the uranium and nuclear sector, made the disclosure as part of its ongoing share repurchase program. The announcement comes amid fluctuating uranium prices and renewed interest in nuclear energy investments globally.
Geiger Counter is managed by Manulife | CQS Investment Management and is listed on the London Stock Exchange (LON:LSEG).
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