Foresight Group Holdings Ltd Announces Share Buyback Details
Foresight Group Holdings Limited and Its New Share Buyback Program
Foresight Group Holdings Limited, a renowned investment manager specializing in real assets, is at the forefront of growth and sustainability. Recently, the company revealed significant developments regarding its share buyback initiative, marking crucial strides in its investment strategy. The new share buyback program, announced earlier this year, showcases Foresight’s commitment to enhancing shareholder value by actively purchasing its own shares in the market.
Details of the Share Buyback Transactions
The company purchased 15,000 ordinary shares at a volume-weighted average price of 439.84 pence. Known for its strategic approach, Foresight utilized JOH Berenberg, Gossler & Co KG (Berenberg) for executing this buyback. This move aligns with their policy to bolster shareholder value while retaining flexibility for future investments.
Buyback Program Insights
Under the recently introduced Buyback Program, Foresight has now acquired a total of 954,131 ordinary shares, reflecting a proactive stance in managing its capital structure. Of the current 116,347,804 ordinary shares issued, 112,791,676 remain with voting rights, whereas 3,556,128 are held in treasury, thus classified as non-voting due to their treasury status. This information is particularly important for shareholders as it influences how they calculate their required disclosures under the FCA’s Disclosure Guidance and Transparency Rules.
Aggregate Purchase Information
The transactions, executed through the London Stock Exchange (LSE), include detailed insights, such as the volume-weighted average purchase price per share being 439.84 pence. Berenberg facilitated the aggregation of trades, which provides significant visibility into the market activity and overall buyback strategy.
Individual Transaction Overview
Notably, a range of individual trades were executed, demonstrating Foresight’s tactical buying strategy throughout the trading period. The highest share price during the buyback reached 441.00 pence, while the lowest was recorded at 438.00 pence. This nuanced approach reflects the company's considerable market engagement and financial acumen, essential components of their operational strategy.
About Foresight Group Holdings Limited
Founded in 1984, Foresight has established itself as a leading manager of investments targeting real assets. With operations extending across the UK, Europe, and Australia, it plays a pivotal role in facilitating the transition towards sustainable energy solutions and contributes to the decarbonization of various industries. The organization's proactive investment solutions are designed to not only achieve robust returns but also support the greater economic resilience of enterprises worldwide.
Foresight’s Strategic Vision
As a constituent of the FTSE 250 index, Foresight's diversified investment strategies leverage both financial and operational expertise to deliver exceptional returns. The firm maintains a pledge to share sustainable growth, managing a diverse portfolio that includes both private and public fund strategies aimed at catering to a variety of investor interests.
In conclusion, Foresight Group Holdings Limited remains steadfast in its commitment to facilitate a sustainable future, committing resources to nurture thriving companies and robust economies across its operating regions. For those interested in more insights and updates, Foresight Group encourages following their corporate developments online.
Frequently Asked Questions
What is the purpose of Foresight Group Holdings' share buyback program?
The share buyback program aims to enhance shareholder value by repurchasing shares and improving capital structure.
How many ordinary shares has Foresight repurchased under the new buyback program?
Foresight has repurchased a total of 954,131 ordinary shares as part of its new buyback program.
What was the average price paid for the shares during the buyback?
The volume-weighted average price paid for the shares was 439.84 pence.
Who executed the transactions for the share buyback?
The buyback transactions were executed by JOH Berenberg, Gossler & Co KG.
Where can I find more information about Foresight Group Holdings Limited?
More information can be found by visiting the Foresight Group's official website.
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