GCT Share Repurchase Neutral
GREENCOAT RENEWABLES PLC - Transaction in Own Shares
Greencoat Renewables PLC
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What this filing means
Greencoat Renewables purchased and cancelled 375,000 ordinary shares as part of its ongoing, mechanical share buyback programme.
Bull case
- The ongoing execution of the share buyback programme is accretive to remaining shareholders as the purchased shares are removed from circulation.
- The purchases are being executed consistently at defined market levels, with this tranche completed at a volume-weighted average price of €0.7735.
Bear case
- The scale of this individual daily transaction is small relative to the total equity base, leaving over 1.09 billion shares still in issue.
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