• Gravis reiterated GCP Infrastructure will prioritize buybacks while shares trade at a roughly 17%–18% discount to net asset value.
• Unaudited NAV rose 0.79p to 99.39p per share in the third quarter of 2026, driven by higher electricity price forecasts.
• Asset disposals totaling £180 million have completed or exchanged, averaging NAV; the revolving credit facility has been fully repaid.
• Buybacks reached 140 million shares worth £105 million, exceeding the £50 million minimum target.
• The investment team will challenge proposed exclusions of fuelled assets from wholesale contracts for difference, citing their emissions-reduction and supply-chain roles.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gravis Capital Management Ltd. published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.