Foresight Group Holdings' Strategic Share Buyback Initiative
Foresight Group Holdings Limited Enhances Shareholder Value
Today, Foresight Group Holdings Limited, known for its prowess in managing investments in real assets, has announced a significant step in optimizing its share structure through a buyback program.
An Overview of the Share Buyback Program
The recent share buyback initiative was first introduced on April 10, marking a proactive strategy to enhance the company's equity structure. Foresight plans to repurchase shares from JOH Berenberg, Gossler & Co KG, operating under the name Berenberg, tapping into their expertise in facilitating the transaction.
Key Details of the Transaction
In the most recent transaction conducted, Foresight acquired a total of 15,000 ordinary shares at varying prices. The lowest price per share was recorded at 456.00 GBp, while the highest achieved was 461.50 GBp. The overall volume-weighted average price came to approximately 458.19 GBp, underlining the strategic pricing mechanism employed throughout the buyback process.
Understanding the Benefits of Treasury Shares
The shares purchased by Foresight will be held in treasury, which means they will temporarily carry no voting rights. Currently, the number of shares outstanding stands at 116,347,803, with only 113,350,646 having voting rights. This tactical approach allows Foresight to manage its equity more flexibly, paving the way for potential future investments.
Compliance with Financial Regulations
Foresight's buyback operations align with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014. This transparency ensures that stakeholders and regulatory bodies are kept informed regarding the company's share activity.
Insights on Transaction Volumes and Pricing
The considerable volume of shares acquired, along with a structured pricing strategy, demonstrates Foresight’s commitment to ensure fair value amidst market fluctuations. By participating actively in the market, Foresight not only bolsters its own equity but also communicates confidence in its long-term growth prospects.
Long-Term Perspectives and Company Outlook
With decades of experience, Foresight is more than just a leading investment manager; it stands at the forefront of sustainable investment practices across the UK, Europe, and Australia. Their strategies reflect both financial acumen and ethical considerations, making investments that support the transition to renewable energy and broader economic growth.
Contact Details for Investor Inquiries
For interested investors seeking further insights or needing more information about Foresight Group Holdings Limited (LSE:FSG), they are encouraged to reach out directly to the investor relations team. Here are the essential contacts:
Foresight Group Investors:
Liz Scorer / Ben McGrory
+44 (0) 7966 966956 / +44 (0) 7443 821577
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
Foresight@h-advisors.global
Frequently Asked Questions
What is the purpose of the share buyback program?
The buyback program aims to optimize Foresight's share structure, boost shareholder value, and stabilize share prices.
How many shares has Foresight bought back?
Foresight has repurchased a total of 15,000 shares in its latest transaction.
What are treasury shares?
Treasury shares are stocks that a company has repurchased and holds, which do not carry voting rights while held in this state.
Where can investors find more information?
Investors can reach out to Foresight Group’s investor relations contacts directly through the provided contact information.
What exchange is Foresight Group listed on?
Foresight Group Holdings Limited is listed on the London Stock Exchange under the ticker LSE:FSG.
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