Transactions in Own Shares: Foresight Group Holdings Limited
LEI: 213800NNT42FFIZB1T09
Foresight Group Holdings Limited ('Foresight'), a prominent hub for investment management in real assets, is excited to share updates regarding its share buyback program. This initiative shoots for both immediate benefits for investors and long-term growth potential.
Highlights of the Recent Share Buyback
On 15 December, Foresight executed a substantial buyback of its ordinary shares under the newly introduced program. This action reflects a strong commitment to optimally managing shareholder capital. The total number of shares purchased amounted to 11,608 at varying prices aimed at both affording security and leverage in the marketplace.
Key Statistics of the Buyback
Foresight reported the lowest purchase price per share at 414.50 GBp, with the highest recorded at 419.00 GBp. The volume-weighted average price came to approximately 416.56 GBp, showcasing the company’s strategic positioning during the buyback transaction. To date, the Group has acquired a total of 2,605,026 ordinary shares under its program.
Implications of Shares Held in Treasury
The shares acquired will enter treasury, which indicates they will not be involved in voting rights while held. As of now, there are 116,347,803 ordinary shares in circulation, where 115,128,583 retain voting rights, and 1,219,220 shares lie in treasury. This information stands critical for shareholders who are tasked with their interest notifications under the FCA’s regulations.
Detailed Overview of Trading Activities
In adherence to regulatory provisions, detailed transactions executed by Berenberg as part of the buyback have been disclosed. The aggregate volume of transactions on the LSE reflects a calculated and methodical approach. Foresight Group rightfully continues to foster transparency in its market activities.
Contact for Further Information
Foresight emphasizes ongoing communication with its investors. For any queries regarding the share buyback or investment opportunities, Foresight Group’s investor relations are available: Liz Scorer / Ben McGrory +44 (0) 7966 966956 / +44 (0) 7443 821577 Email: ir@foresightgroup.eu
About Foresight Group Holdings Limited
Founded in 1984, Foresight has established itself as a pivotal investment manager in real assets. With operations spanning across various regions such as the UK, Europe, and Australia, they have cultivated a robust portfolio designed to harness growth in emergent sectors.
By leveraging decades of expertise, Foresight offers a suite of investment solutions aimed at fostering the energy transition and enhancing nature recovery. Their strategies not only aim to maximise asset value but also to generate attractive returns for their investors.
Follow Us for More Updates
Foresight Group continues to commit itself to a sustainable future and the creation of thriving economies and companies. To stay updated on Foresight’s initiatives, visit foresight.group and engage with us on LinkedIn.
Frequently Asked Questions
What is the share buyback program?
The share buyback program is an initiative where Foresight Group purchases its own shares to return value to its shareholders and optimize capital.
How many shares did Foresight purchase?
Foresight purchased 11,608 ordinary shares as part of the recent buyback program.
What are the prices paid per share?
The shares were bought at prices ranging from 414.50 GBp to 419.00 GBp, with a volume-weighted average price of approximately 416.56 GBp.
What does holding shares in treasury mean?
Shares held in treasury have no voting rights and are reserved for future use, such as reissuance or sale.
How can investors contact Foresight Group?
Investors can reach out to Foresight Group through their investor relations email at ir@foresightgroup.eu or via their investor contacts directly.
