Foresight Group Holdings Announced Share Buyback Details
Foresight Group Holdings Limited Share Buyback Program
Foresight Group Holdings Limited, a prominent investment manager in real assets, has successfully initiated a new share buyback program designed to enhance shareholder value. This strategic move demonstrates the Group's commitment to effective capital management and investor return maximization.
Overview of Share Buyback Details
According to recent announcements, Foresight began its share buyback program, which was first disclosed on April 10. Through this initiative, the Group has made notable purchases of its ordinary shares, conducted via the brokerage firm Berenberg. This mechanism allows the company to buy back shares that will later be held in treasury, enhancing overall share value while underscoring shareholder commitment.
Recent Transactions and Share Statistics
This past purchase featured a significant acquisition of 14,620 shares, recorded on August 19. The average share price for these transactions was approximately 455.87 pence, with a range that moved between 454.50 and 457.50 pence per share. Since the commencement of the buyback program, a total of 1,459,784 shares have been repurchased, reflecting the Group's robust approach to managing its capital structure.
Voting Rights and Treasury Shares
It is important to note that shares purchased through the buyback program are held in treasury and do not carry voting rights while in this state. Currently, out of a total of 116,347,803 ordinary shares in circulation, 113,409,010 shares have voting rights while 2,938,793 shares are retained in treasury. This data provides shareholders with critical information needed when calculating their interests regarding the Group's voting mechanisms.
Transparency and Compliance with Regulations
Foresight Group Holdings maintains high standards of transparency under regulatory requirements. In accordance with Article 5 of Regulation (EU) No. 596/2014, the Group provides detailed information about individual trades undertaken as part of the share buyback program, ensuring that all activities are compliant with financial regulations.
Contact Information for Further Inquiries
Stakeholders and investors seeking additional information can contact Foresight Group investors through Liz Scorer or Ben McGrory at +44 (0) 7966 966956 or +44 (0) 7443 821577. For formal inquiries, emails can be directed to ir@foresightgroup.eu.
Berenberg, acting as the joint corporate broker for the Group, can also be reached at +44 (0) 203 753 7800. For operational queries, representatives from H-Advisors Maitland, Sam Cartwright and Audrey Da Costa, are accessible at +44 (0) 782 725 4561.
About Foresight Group Holdings Limited
Established in 1984, Foresight is at the forefront of the asset management space, focusing on investments in real assets and growth capital across multiple regions including the UK, Europe, and Australia. Their multifaceted approach opens avenues for investors to engage in leading-edge opportunities while driving sustainability. As a FTSE 250 index constituent, Foresight showcases solid financial and operational proficiencies to create impressive value for investors.
With an emphasis on facilitating energy transitions, enhancing recovery efforts, and supporting innovative ventures, Foresight is dedicated to fostering economic growth and sustainability.
For more information about Foresight Group Holdings Limited, visit https://foresight.group. Additionally, follow the company's updates on LinkedIn for the latest developments and insights.
Frequently Asked Questions
What is the purpose of Foresight Group's share buyback program?
The share buyback program is designed to enhance shareholder value and provide more effective capital management, signaling commitment to investor returns.
How many ordinary shares has Foresight repurchased?
As of the latest update, Foresight has repurchased a total of 1,459,784 ordinary shares since the program began.
What are the implications of shares held in treasury?
Shares held in treasury do not have voting rights, and they can be reintroduced into circulation in the future, depending on the company's strategy.
Who can investors contact for more information?
Investors can reach out to Liz Scorer or Ben McGrory at Foresight for inquiries related to investments, and the company provides various contact numbers for different departments.
Where can I find more information about Foresight Group Holdings?
Details about the company can be found on their official website, https://foresight.group.
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