Foresight Group Updates on Share Buyback and Growth Strategy
Foresight Group's Recent Share Buyback Announcement
Foresight Group Holdings Limited, also known as Foresight, is a prominent investment manager that focuses on real assets and provides essential capital for growth. Recently, Foresight confirmed its participation in a significant share buyback program, which commenced in response to changing market conditions and the company’s commitment to maximizing shareholder value.
Details of the Share Buyback Program
This new share buyback program, launched in April, has seen Foresight acquire a considerable number of its ordinary shares. Specifically, the company purchased a total of 15,000 ordinary shares at varying prices, demonstrating its strategic approach to enhancing shareholder returns.
Share Purchase Metrics
During the latest round of share repurchases, the following metrics were recorded:
- Date of Purchase: 17 September
- Number of Shares Purchased: 15,000
- Lowest Share Price: 463.00 GBp
- Highest Share Price: 471.00 GBp
- Volume Weighted Average Price: 469.91 GBp
These purchases have led to a notable total of 1,758,127 ordinary shares being bought back under the new Buyback Program. This indicates Foresight's proactive measures to engage with the market and affirm its commitment to shareholder value.
Current Shareholding Context
Following these transactions, Foresight now has a total of 116,347,803 ordinary shares issued. Out of these, 113,172,303 shares carry voting rights while 3,175,500 shares are held in treasury, meaning they hold no voting power. Shareholders can utilize the total number of voting shares to determine if they need to disclose their interests in accordance with the FCA’s regulatory frameworks.
Understanding the Mode of Transactions
The transactions were executed through Berenberg, a respected financial services provider. Foresight aims to maintain transparency in its operations, adhering to compliance standards set by regulations affecting the market.
Detailed Reporting of Trades
The share buyback involved multiple transactions throughout the trading day, ensuring a balanced approach to acquiring shares at various price points. The details of each trade have been documented meticulously, reflecting a high level of diligence on Foresight's part.
Why This Matters for Investors
Foresight Group serves as an example for other firms on how to strategically approach a buyback program to enhance shareholder return. With its dedication to investing in sustainable growth and creating a diversified portfolio, it continues to appeal to a broad investor base. Foresight actively seeks to adapt in a rapidly changing environment, ensuring that it meets the evolving needs of its stakeholders.
Commitment to Sustainability
Foresight is firmly rooted in its mission to support the transition towards a sustainable future. By investing in promising companies and providing them with the necessary capital, it fosters innovation and sustainability across various industries. This aligns with the growing trend of responsible investing, where environmental, social, and governance (ESG) factors play an essential role.
Future Outlook
Looking ahead, Foresight Group Holdings Limited plans to continue its efforts in enhancing shareholder value while actively pursuing sustainable growth opportunities. The growing awareness and demand for sustainable practices position Foresight as a leader within its industry, ready to capitalize on future trends.
Contact Information for Inquiries
For any inquiries related to the company’s operations or the current share buyback scheme, investors can reach out:
- Foresight Group Investors: Liz Scorer / Ben McGrory at +44 (0) 7966 966956 / +44 (0) 7443 821577, or reach them at ir@foresightgroup.eu.
- Berenberg (Joint Corporate Broker): James Felix / John Welch / Dan Gee-Summons at +44 (0) 203 753 7800.
- H-Advisors Maitland: Sam Cartwright / Audrey Da Costa at +44 (0) 782 725 4561 / +44 (0) 781 710 5562, or contact at Foresight@h-advisors.global.
Frequently Asked Questions
What is Foresight Group Holdings Limited?
Foresight Group is a prominent investment manager specializing in real assets and growth capital.
What was the purpose of the recent share buyback?
The share buyback aims to enhance shareholder value and strategically manage the company's capital.
How many shares have been bought back in this program?
Under the current buyback program, a total of 1,758,127 ordinary shares have been repurchased.
What impact does the treasury stock have on voting rights?
Shares held in treasury do not carry voting rights, reducing the overall voting shares available.
How can investors get in touch with Foresight for inquiries?
Investors can reach out via the provided contact numbers or email addresses for further information.
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