Foresight Group Holdings' Recent Share Buyback Activity
Transaction in Own Shares Update
Foresight Group Holdings Limited (LSE: FSG), a leading investment manager focused on real assets and capital for growth, recently updated the market on its share buyback program. In adherence to its strategy to enhance shareholder value, the Group purchased a significant number of ordinary shares, further reiterating its commitment to capital management and investor confidence.
Details of the Share Buyback
On March 7, 2025, Foresight executed the purchase of 22,429 ordinary shares, part of an ongoing buyback program initiated on October 27, 2023. This program aims to bolster shareholder returns while ensuring effective capital deployment. The Group procured these shares through Deutsche Numis, underscoring its strategic partnership with trusted financial institutions.
Price Analysis
The transaction data reveal intriguing insights into market valuations. The shares were acquired with a range of prices, the lowest being 371.00 pence and peaking at 385.00 pence. The volume-weighted average price paid for these shares stood at 377.62 pence, suggesting robust demand and strategic timing in purchasing activities. Such diligent buying practices showcase Foresight Group's proactive stance in managing share liquidity and investor sentiment.
Impact of Purchased Shares
Upon settlement, the purchased shares are set to be held in treasury, which implies that they will not confer voting rights. Cumulatively, Foresight Group has now repurchased a total of 3,568,715 shares under its buyback initiative, with 1,391,739 shares already transferred out of treasury. Consequently, this brings the total voting rights to 114,170,827, with an issued ordinary share capital of 116,347,803, demonstrating effective stewardship of share capital.
Future Shareholder Benefits
This action is expected to benefit existing shareholders by enhancing the value per share and improving overall market perceptions of the Group's financial health. Such measures can also foster an environment of trust, encouraging additional investments into Foresight Group’s diverse offerings.
Commitment to Sustainable Growth
Foresight Group Holdings has consistently illustrated its drive to support sustainable growth through strategic investments. With a sharp focus on the energy transition and decarbonization, the Group remains at the forefront of creating investment solutions that reflect both high potential and responsible practices. Leading the charge in the sustainable investment space, Foresight aspires to realize the substantial economic potential of forward-thinking companies.
Innovative Investment Strategies
The diversified investment strategies employed by the Group not only maximize asset value but also deliver attractive returns to investors. Foresight caters to a wide range of clients, from private investors to institutions, ensuring that its offerings are broad yet tailored to meet specific market needs. By actively managing an array of public and private funds, the Group demonstrates flexibility and responsiveness to market dynamics.
For further inquiries, stakeholders can reach out to Foresight Group Investors, including Liz Scorer and Ben McGrory, at +44 (0) 7966 966956 or +44 (0) 7443 821577. Their dedication to transparency and accessibility emphasizes Foresight Group's commitment to fostering strong relationships with investors.
Frequently Asked Questions
What is the purpose of Foresight Group's share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and potentially boosting share prices.
How many shares were recently purchased by Foresight Group?
Foresight Group recently purchased 22,429 shares in the latest buyback transaction.
What was the average price paid per share during this buyback?
The volume-weighted average price paid per share was 377.62 pence.
What will happen to the shares purchased in the buyback?
The purchased shares will be held in treasury and will not have voting rights while held there, impacting the group's voting structure.
Where can I find more information about Foresight Group?
More information on Foresight Group Holdings can be found on their official website, where updates on investments and corporate activities are regularly posted.
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