Foresight Group's Latest Share Buyback Announcement Explained
Overview of Foresight Group's Share Buyback Program
Foresight Group Holdings Limited, a prominent player in the realm of investment management, has made significant strides with its share buyback initiative. The company aims to optimize shareholder value through its ongoing share buyback program initiated earlier this year. This program represents a strategic move to enhance stock liquidity and strengthen investor confidence in the company's commitment to delivering value.
Details of the Share Buyback Transaction
As part of the newly established share buyback program, Foresight has successfully acquired a total of 15,000 of its ordinary shares. The transaction was handled through Berenberg, a trusted brokerage firm, ensuring transparency and efficiency. According to the trade data, shares were purchased at varying price levels, with the lowest price being 451.50 GBp and the highest at 458.50 GBp. The volume-weighted average price for these transactions stood at 455.27 GBp, showcasing a competitive buying strategy.
Transaction Highlights
The results of the share buyback have been highly encouraging. In total, Foresight Group has brought back an aggregate of 1,130,352 ordinary shares under this program. After the completion of these purchases, Foresight will hold over 3.7 million shares in treasury, which will not confer voting rights to shareholders during this period.
Impact on Shareholders
With a total of 116,347,803 ordinary shares currently issued, the reduction in the number of voting shares is crucial for current investors. Only 112,615,455 shares will retain voting rights, imposing a new denominator for shareholders to determine their stake in accordance with the regulatory requirements under the FCA’s Disclosure Guidance and Transparency Rules.
Compliance and Regulation
As part of Foresight's adherence to the UK's Financial Regulation standards, the details of this transaction have been disclosed in accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014. This commitment to regulatory compliance reinforces the company's dedication to transparency and governance.
Foresight's Commitment to Growth
Foresight Group is known for providing capital solutions aimed at achieving growth across various sectors. Established in 1984, this investment manager has played a pivotal role in the real assets sector. By making investments that support the energy transition and industry decarbonization, Foresight shows a vested interest in sustainable future developments.
Corporate Contact Information
For additional details or inquiries regarding the share buyback program, Foresight Group encourages stakeholders to reach out directly through the following 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 Foresight Group's share buyback program?
The share buyback program aims to increase shareholder value, reduce the number of shares in circulation, and enhance the liquidity of the shares.
How many shares were repurchased in the most recent transaction?
A total of 15,000 ordinary shares were purchased in the latest transaction as part of the ongoing buyback program.
What is the lowest and highest price paid for purchased shares?
The lowest price paid per share was 451.50 GBp, while the highest price reached 458.50 GBp during the buyback transactions.
How will the buyback affect the number of voting shares?
After the buyback, a total of 112,615,455 shares will continue to have voting rights, while 3,732,348 shares will be held in treasury without voting rights.
Where can I find more information about Foresight Group?
For more details, you can visit Foresight Group’s official website at https://foresight.group.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.