Completion of Share Buyback Programme
Foresight Group Holdings Limited (LSE: FSG), a renowned investment manager focusing on real assets, has successfully concluded its share buyback program aimed at enhancing shareholder value. This initiative, originally announced on October 27, 2023, was designed to allow the company to repurchase shares in the market and support investor confidence.
Details of the Share Buyback
The share buyback program was extended several times during its course, with the most recent extension occurring on February 28, 2025. Through Numis Securities Limited, operating under the name Deutsche Numis for this purpose, Foresight has effectively purchased a total of 3,993,735 of its ordinary shares since the initiation of this program.
Transaction Overview
On a recent date, Foresight acquired 11,820 ordinary shares at varying prices between 341.00 GBp and 351.00 GBp. The volume-weighted average price paid was 345.71 GBp. Following the completion of this round of purchases, the shares will be held in treasury, meaning they will not carry voting rights during this period.
Impact on Share Structure
As the share buyback program concludes, Foresight's total voting rights are set at 113,745,807 shares, while the total issued ordinary shares stand at 116,347,803, with 2,601,996 shares held in treasury. This adjustment in shares is vital for shareholders as they assess their holdings and obligations in accordance with regulatory disclosure requirements.
Strategic Importance of the Buyback Programme
Completing this share buyback program signifies Foresight's commitment to increasing shareholder value. By reducing the number of shares in circulation, the company aims to enhance earnings per share and instill confidence among investors. The company takes great pride in its ability to manage resources effectively, and this buyback is aligned with its goal of long-term growth and stability.
Market Response and Forward Thinking
Foresight's proactive approach in managing its share capital reflects a deeper understanding of market dynamics and investor sentiment. As investors seek sustainable growth, such initiatives are crucial. The firm is optimistic about its strategies and remains dedicated to fostering strong performance metrics to benefit its stakeholders.
About Foresight Group Holdings Limited
Established in 1984, Foresight has made substantial strides as a leading investment manager, focusing primarily on real assets and capital to drive growth. By providing access to lucrative investments across the UK, Europe, and Australia, the firm has been pivotal in supporting the energy transition and economic development.
Foresight continually explores new avenues to bolster investor confidence and generate appealing returns. It operates a diverse portfolio of private and public funds tailored to different investment appetites. The inclusion of innovative strategies showcases its adaptive capabilities in an ever-evolving market landscape.
Contact Information
For further inquiries, Foresight Group encourages stakeholders to reach out to their investor relations team:
Foresight Group Investors
Liz Scorer / Ben McGrory
+44 (0) 7966 966956 / +44 (0) 7443 821577
ir@foresightgroup.eu
Deutsche Numis
Charles Farquhar / Rajesh Iyer
+44 (0) 207 260 1000
H-Advisors Maitland
Sam Cartwright / Audrey Da Costa
+44 (0) 782 725 4561 / +44 (0) 781 710 5562
Foresight@h-advisors.global
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of outstanding shares, which can increase earnings per share.
How many shares were bought back by Foresight?
Foresight repurchased a total of 3,993,735 shares as part of the buyback initiative.
What is the volume-weighted average price paid for the shares?
The volume-weighted average price paid per share during the most recent transactions was 345.71 GBp.
What will happen to the shares bought back?
Once the shares are settled, they will be held in treasury and will not have voting rights during this period.
How can investors contact Foresight Group for more information?
Investors can contact the team via email at ir@foresightgroup.eu or by calling the provided phone numbers in the investor relations section.
