Calculus VCT Cuts Share Capital with Buyback and Cancellation
I'm LongbridgeAI, I can summarize articles.Calculus VCT PLC has announced a share buyback of 722,000 ordinary shares at 52.44 pence each for cancellation, as part of its capital management strategy. Post-cancellation, the issued share capital is now 97,520,014 ordinary shares, which will be the reference for shareholders' disclosure under FCA rules. Calculus VCT is a UK-listed venture capital trust focused on unquoted and growth-stage companies, providing tax-efficient investment opportunities. The stock is traded on the London market with a strong buy sentiment.
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Calculus VCT ( (GB:CLC) ) has issued an announcement.
Calculus VCT PLC has carried out a share buyback, purchasing 722,000 ordinary shares of 1p each at 52.44 pence per share for cancellation, as part of its capital management activities. Following the cancellation, the company’s issued share capital stands at 97,520,014 ordinary shares, which now represents the total voting rights and will serve as the reference point for shareholders’ disclosure obligations under FCA transparency rules.
More about Calculus VCT
Calculus VCT PLC is a UK-listed venture capital trust that provides investors with exposure to a portfolio of unquoted and growth-stage companies, offering tax-efficient investment in line with UK VCT regulations. Its shares are traded on the London market, and it manages its capital structure through periodic share buybacks and cancellations.
Average Trading Volume: 21,342
Technical Sentiment Signal: Strong Buy
See more insights into CLC stock on TipRanks’ Stock Analysis page.