Foresight Group Holdings Limited Expands Share Buyback Initiative
Foresight Group Holdings Limited ('Foresight', the 'Group') is a prominent investment manager dedicated to enhancing real assets and driving capital growth. Recently, the group implemented a new share buyback program aimed at increasing shareholder value and affirming its commitment to sustainable business practices.
Details of the Share Buyback Program
Following the announcement made earlier this month, the Group has engaged in purchasing its own ordinary shares via JOH Berenberg, Gossler & Co KG (‘Berenberg’). This strategic move is designed to create value for existing shareholders while ensuring the sustainability of operations.
Overview of Recent Transactions
The recent trades included an aggregate of 15,000 ordinary shares acquired at varying prices, demonstrating the Group’s determination to bolster its market presence. The lowest price per share recorded was 377.50 pence while the highest reached 381.00 pence. Throughout this buyback period, the average weighted price paid was approximately 379.11 pence per share.
Impact on Share Structure
The action taken means that a total of 648,538 ordinary shares have been repurchased under the program, reflecting a significant investment in the Group's sustainability and future growth. Currently, Foresight has 116,347,803 ordinary shares issued, with 3,250,534 of them now held in treasury, granting them no voting rights while contributing positively to its capital structure.
Regulatory Compliance
The Group is committed to transparency, adhering to Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014. This commitment is evident in the detailed reporting of the share trade activities undertaken as part of this buyback initiative.
Berenberg’s Role in the Buyback
Berenberg has played a crucial role in facilitating these transactions, ensuring that the share buyback operates smoothly while aligning with market interests and regulatory standards. The engagement of a reputable broker underscores the importance of professional guidance in such significant financial maneuvers.
Long-Term Vision and Strategy
Foresight's share buyback is not just an immediate tactical decision; it is part of a broader vision. Each share repurchased serves as a stepping stone toward realizing long-term investment strategies aimed at fostering growth and returning value to shareholders. The Group remains focused on identifying and leveraging attractive investment opportunities that drive sustainable returns.
Commitment to Stakeholders
By prioritizing the interests of its shareholders through this buyback program, Foresight Group Holdings Limited strengthens its position within the evolving investment landscape. This commitment is pivotal for driving investor confidence and reinforcing trust.
Foresight’s Future Outlook
With decades of experience in real asset investment, Foresight proceeds confidently toward its objectives of supporting energy transitions and enhancing nature recovery initiatives. The firm’s diverse portfolio is reflective of its proactive approach to addressing the future needs of investors and the environment alike.
Contact Information for Inquiries
For further inquiries, Foresight Group invites stakeholders to reach out:
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 share buyback program aims to enhance shareholder value by repurchasing shares, thereby demonstrating the Group's commitment to sustaining investor confidence and financial growth.
How many shares have been repurchased?
A total of 648,538 ordinary shares have been repurchased as part of the new buyback initiative, reflecting Foresight's strategic investment in its growth.
What is the average price per share during the buyback?
The volume-weighted average price paid per share during the buyback was approximately 379.11 pence, indicating prudent financial management.
How does this affect the share structure?
The repurchased shares are held in treasury and currently, the Group has a total of 116,347,803 shares issued, of which 3,250,534 are non-voting treasury shares.
Who can provide more information about Foresight?
For inquiries regarding the company, stakeholders can directly contact Foresight Group or visit their website for more information.
