Foresight Group Holdings Advances Share Buyback Initiative
Foresight Group Holdings Announces Share Buyback Purchases
LEI: 213800NNT42FFIZB1T09
Foresight Group Holdings Limited (LSE: FSG) is a prominent investment manager specializing in real assets and growth capital. In accordance with the recent share buyback program initiated earlier this month, Foresight has successfully purchased a substantial amount of its ordinary shares.
Details of the Recent Transactions
During the buyback, the Group purchased 15,000 ordinary shares, each with a nominal value of £nil, through the broker JOH Berenberg, Gossler & Co KG, trading under the name Berenberg. This move reaffirms Foresight's commitment to enhancing shareholder value.
Key Statistics of the Share Buyback
On June 10, the following details were recorded regarding the transactions:
- Lowest price paid per share: 402.00 GBp
- Highest price paid per share: 413.00 GBp
- Volume-weighted average price: 407.04 GBp
Overall, Foresight has repurchased a total of 755,814 ordinary shares under this new program. These shares will be held in treasury and will not have voting rights while in that status.
Implications for Shareholders
Following these transactions, Foresight currently has 116,347,803 ordinary shares in issue. Out of these shares, 112,989,993 are assigned voting rights while 3,357,810 shares remain in the treasury, thereby non-voting.
Regulatory Compliance
In alignment with the regulatory framework, Foresight is adhering to Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014, which mandates the disclosure of this trading activity. Here's how the aggregate trading volume is structured:
- Trading Venue: LSE
- Volume-weighted average price: 407.04 GBp
- Total aggregated volume: 15,000 shares
Contact Information for Inquiries
For further inquiries related to this share buyback initiative, investors can reach out to:
Foresight Group Investors
Liz Scorer / Ben McGrory
+44 (0) 7966 966956 / +44 (0) 7443 821577
Email: ir@foresightgroup.eu
Berenberg (Joint Corporate Broker)
James Felix / John Welch / Dan Gee-Summons
+44 (0) 203 753 7800
H-Advisors Maitland
Sam Cartwright / Audrey Da Costa
+44 (0) 782 725 4561 / +44 (0) 781 710 5562
Email: Foresight@h-advisors.global
About Foresight Group Holdings Limited
Established in 1984, Foresight Group Holdings Limited is a recognized investment manager in real assets and growth capital. Working tirelessly across the UK, Europe, and Australia, the company seeks to provide its investors with attractive opportunities that will shape the future.
Foresight emphasizes sustainable investing, aiming to support the energy transition and contribute to the recovery of nature while facilitating the ambitions of growing companies. As a proud constituent of the FTSE 250 index, Foresight employs diverse strategies that combine investment acumen and operational expertise, maximizing asset value for their investors.
The firm's comprehensive suite of investment solutions caters to both institutional and retail investors, reflecting their commitment to driving sustainable growth and building a better future. To learn more about Foresight Group Holdings, visit foresight.group.
Stay connected with Foresight Group on LinkedIn for updates and insights.
Frequently Asked Questions
What was the purpose of the share buyback program?
The share buyback program is intended to enhance shareholder value by reducing the number of shares in circulation.
How many shares have been repurchased so far?
As of now, a total of 755,814 ordinary shares have been repurchased under this buyback program.
What are the voting rights associated with the repurchased shares?
Shares held in treasury will have no voting rights until they are released back into circulation.
What is the average price paid per share in these transactions?
The volume-weighted average price paid for the shares was 407.04 GBp.
Where can I find more information about Foresight Group Holdings?
For more information, visit the official Foresight Group website at foresight.group.
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