GCP Infrastructure Investments Completes 250,000 Share Buyback at 83.10p Amid Ongoing Repurchase Programme

Details of 23 July 2026 Share Repurchase and Execution

On 24 July 2026, GCP Infrastructure Investments Limited confirmed the completion of a 250,000 ordinary share repurchase (each share with a nominal value of 1 pence) executed on the previous trading day. The transaction was facilitated by Canaccord Genuity Limited, the company’s appointed financial intermediary for the buyback programme. The volume weighted average price paid was 83.10 pence per share, reflecting the average cost of shares acquired during the 23 July 2026 trading session.

The announcement details the transaction’s pricing range: the highest price paid was 83.40 pence per share, and the lowest was 82.40 pence. This narrow 1-pence range indicates a tight trading band during the repurchase, mirroring prevailing market conditions for GCP Infrastructure shares on the London Stock Exchange’s main market. Investors tracking the company’s capital allocation will note the repurchase price aligns with typical trading levels for the company’s shares.

Aggregate Buyback Progress Since December 2024 Programme Launch

This single-day repurchase is part of a broader share buyback initiative announced on 12 December 2024. Since that date, GCP Infrastructure Investments has cumulatively acquired 80,359,363 ordinary shares for treasury. This extensive programme underscores the company’s commitment to capital return strategies through share cancellations or treasury holdings. The scale of repurchases highlights active management of the company’s share capital structure.

The ongoing buyback operates under shareholder authority granted at the 12 February 2026 annual general meeting, indicating the board and investment adviser’s confidence that the shares represent attractive value at current market prices. The programme offers flexibility to purchase shares opportunistically as market conditions allow. The cumulative repurchase of over 80 million shares within approximately seven months reflects a sustained dedication to this capital allocation approach.

Effect on Share Capital and Voting Rights

Following this transaction, GCP Infrastructure Investments has 884,797,669 ordinary shares issued, with 97,344,382 held in treasury. Treasury shares are a common mechanism for UK-listed companies to efficiently manage capital structure. Treasury holdings now represent about 11% of issued share capital.

For regulatory compliance under the FCA’s Disclosure Guidance and Transparency Rules, treasury shares are excluded from voting rights calculations. Consequently, 787,453,287 shares carry voting rights, which is the figure used to determine shareholder notification requirements. This distinction is critical for investors to accurately assess economic and voting interests, as treasury shares reduce the total voting rights outstanding.

GCP Infrastructure’s Investment Strategy and Market Position

GCP Infrastructure Investments Limited is a FTSE-250 constituent closed-ended investment company listed on the London Stock Exchange’s main market. Its objective is to deliver regular, sustained, long-term distributions while preserving capital. This dual focus aligns with infrastructure investments that typically generate predictable cash flows and potential capital appreciation.

The company’s portfolio targets UK infrastructure debt secured by long-term, public sector-backed, availability-based revenues. Investments include social infrastructure assets such as healthcare, education, and transport facilities where government entities commit to regular payments. Where feasible, investments are structured with partial inflation protection to safeguard returns. Gravis Capital Management Limited advises the company on portfolio management and strategy.

Environmental Credentials and ESG Recognition

GCP Infrastructure Investments holds the London Stock Exchange’s Green Economy Mark, acknowledging its positive environmental impact. Many underlying infrastructure projects, including transport, waste management, water, and renewable energy assets, contribute environmental benefits alongside their core functions. This designation enhances the company’s appeal to ESG-focused investors.

The Green Economy Mark validates the alignment of GCP Infrastructure’s investments with environmental sustainability and climate change mitigation goals. Many UK infrastructure projects in the portfolio aim to improve resource efficiency, reduce carbon emissions, or enhance environmental resilience. This recognition supports investors seeking to combine environmental objectives with stable income from infrastructure debt.

Shareholder Approval and Governance of Buyback Programme

The share repurchase programme operates under a general authority granted by shareholders at the annual general meeting on 12 February 2026. This authority allows the board to repurchase ordinary shares in compliance with the Companies Act 2006 and the company’s articles of association, providing capital management flexibility.

The buyback programme was initially announced on 12 December 2024, preceding formal shareholder approval in February 2026, consistent with UK corporate governance practices. The programme’s continuation under shareholder authority reflects management’s commitment to capital allocation discipline and opportunistic share purchases when shares are deemed undervalued.

Financial Intermediaries and Investor Contact Details

The share repurchase was executed through Canaccord Genuity Limited, a leading UK investment banking and financial services firm, acting as the execution broker and intermediary. This appointment ensures regulatory compliance and best execution standards for the buyback.

For further inquiries, investors may contact Gravis Capital Management Limited representatives Philip Kent, Robyn MacHugh, and Cameron Gardner at +44 (0)20 3405 8500. RBC Capital Markets contacts Matthew Coakes and Elizabeth Evans are available at +44 (0)20 7653 4000. Canaccord Genuity can be reached via Edward Gibson-Watt, Stuart Andrews, and Elizabeth Halley-Stott at +44 (0)20 7523 8000. Public relations support is provided by Burson Buchanan representatives Helen Tarbet, Nick Croysdill, and Henry Wilson at +44 (0)20 7466 5000.

Regulatory Disclosures and LEI Identification

GCP Infrastructure Investments Limited disclosed this transaction in compliance with the FCA’s Disclosure Guidance and Transparency Rules, which mandate announcements of material share transactions. The company’s Legal Entity Identifier (LEI) is 213800W64MNATSIV5Z47, a unique identifier used by regulators to track financial entities.

The announcement instructs market participants to exclude treasury shares from voting rights calculations and use the figure of 787,453,287 voting shares for shareholder notification thresholds. This ensures accurate compliance with disclosure obligations based on the company’s effective voting structure.

Context of Infrastructure Debt Market and Distribution Strategy

The timing of GCP Infrastructure’s buyback reflects broader UK infrastructure debt market dynamics, where such assets appeal to yield-oriented investors due to stable, government-backed cash flows. The company’s focus on long-term, public sector-backed revenues provides predictable income streams from essential infrastructure.

The buyback programme supports the company’s objective of delivering regular, sustained distributions. Repurchasing shares below estimated net asset value enhances earnings per share for remaining shareholders, potentially supporting distribution levels. This disciplined capital allocation complements the company’s distribution policy by acquiring shares when market prices are attractive relative to underlying asset values.