Greencoat UK Wind PLC (LSE:UKW) has confirmed the completion of its £100 million share buyback programme, which began in October.
It follows the purchase of 250,000 shares on Thursday 13 February, bought at a weighted average price of 115.45p.
The renewable energy investment company ended 2024 with an unaudited net asset value (NAV) of £3.4 billion - equivalent to 151.2p per share.
Besides the share buyback, the company has been paying out to shareholders via dividend, in 2025 it is paying 10.35p per share.
In January, Greencoat highlighted that since its 2013 IPO it has delivered 1.8 times dividend cover and, with its revised generating budget, remains on course to generate (on average) dividend cover of 1.9 times over the next 5 years.
“This would deliver over £1 billion in excess cashflow over the next 5 years for allocation to the advantage of its shareholders.”