Foresight Group's Recent Share Buyback: Key Insights Revealed
Foresight Group Holdings Limited Announces Share Buyback
Foresight Group Holdings Limited, a prominent investment manager recognized for its focus on real assets and growth capital, has unveiled recent transactions concerning its share buyback program. This initiative aligns with the company’s strategy to manage capital effectively and strengthen its overall market position.
Details of the Share Buyback Transactions
In adherence to the outlined terms of the new share buyback program announced earlier, Foresight executed purchases of its own ordinary shares through Berenberg, the appointed broker. Let’s delve into the details of these transactions:
Transaction Summary
On October 20, Foresight completed a significant buyback, acquiring a total of 14,340 ordinary shares at a competitive range of prices. The lowest price paid was 460.50 GBp, while the highest was 462.50 GBp. The volume-weighted average price came out to be approximately 461.72 GBp.
Significance of the Treasury Shares
The shares that Foresight acquired will be held in treasury, which temporarily suspends their voting rights. After the completion of these transactions, the total number of ordinary shares in issue stands at 116,347,803, with 114,820,790 having voting rights and 1,527,013 being held in treasury.
Foresight's Strategic Approach
The strategic buyback program is part of Foresight’s larger vision to enhance shareholder value and optimize its equity structure in the market. This initiative underlines the firm's commitment to prudent capital management, allowing it to respond positively to market conditions and shareholder expectations.
Share Buyback Program Compliance
Foresight’s recent activities align with regulatory compliance measures, particularly under Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014. This ensures transparency in trading and reflects the company's commitment to upholding high standards in all its dealings.
Aggregate Buyback Data Overview
For a comprehensive overview, consider the aggregate information regarding recent share buybacks:
Market Venue and Trading Details
The trades were primarily conducted on the London Stock Exchange (LSE), where the majority of the executed transactions were disclosed to meet the requirements of market surveillance and regulatory frameworks.
Beyond merely executing buybacks, Foresight aims to establish a more robust and transparent marketplace by conducting these transactions with clarity and accountability.
Investor Communication and Support
Foresight Group remains engaged with its investors, providing transparent communication through dedicated contact points. Shareholders are encouraged to reach out to investor relations for any inquiries or further insights into the ongoing share buyback program.
About Foresight Group Holdings Limited
Founded in 1984, Foresight Group Holdings Limited is a forward-thinking investment management firm specializing in a variety of sectors that contribute to sustainable development. With its expertise in real asset investments across various markets, Foresight is well-positioned to deliver attractive returns while promoting long-term growth and environmental stewardship.
Looking Ahead
The commitment to maintaining a sustainable investment approach continues to guide Foresight’s operations. As part of its ambition, the firm focuses on projects that are not only economically beneficial but also environmentally conscious, driving the global push towards net-zero emissions and sustainable growth.
Frequently Asked Questions
What prompted Foresight's share buyback program?
The buyback intends to enhance shareholder value and optimize the capital structure in response to market conditions.
How many shares were repurchased in this latest buyback?
The latest buyback involved the repurchase of 14,340 shares.
What is the average price of shares bought back?
The volume-weighted average price paid per share was approximately 461.72 GBp.
How are treasury shares treated?
Treasury shares do not have voting rights while held by the company.
Who can shareholders contact for more information?
Shareholders can contact Foresight's investor relations team for further insights and inquiries regarding investment opportunities.
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