LONDON - Geiger Counter Limited, the investment company specializing in uranium and other nuclear fuel investments, has confirmed the purchase of 200,000 of its own ordinary shares on Monday. The shares were acquired at an average price of 53.60 pence per share and will be held in Treasury.
This latest transaction is part of an ongoing share repurchase program that began following the company's Annual General Meeting on March 9, 2023. Since the initiation of the program, Geiger Counter Limited has bought back a total of 11,889,543 ordinary shares.
After this recent acquisition, the total number of voting rights in the company stands at 140,779,804 ordinary shares, with an additional 11,894,445 ordinary shares held in Treasury.
Share buybacks are a common strategy used by companies to return value to shareholders, potentially stabilizing or increasing the value of the remaining shares. However, the move does not always guarantee share price appreciation, and the market's response may vary based on broader economic conditions and company performance.
The information regarding this transaction is based on a press release statement and is provided without any endorsement of the claims. It is intended to offer a factual report on Geiger Counter Limited's recent share buyback activity.
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