Foresight Group's Recent Share Buyback Update and Insights
Foresight Group Holdings Limited's Share Buyback Initiative
Foresight Group Holdings Limited, a prominent investment manager specialized in real assets, has unveiled details of its recent share buyback initiative. This program is part of an ongoing effort by the Group to increase shareholder value by repurchasing its own ordinary shares. On a date set for September 4, the Group executed a transaction that led to the acquisition of 13,343 shares at varying prices, aiming to enhance the value of the company's remaining shares.
Details of the Shares Purchased
Through its new buyback program, the Group engaged with JOH Berenberg, Gossler & Co KG, operating under the name Berenberg. The shares were purchased at a price fluctuating from 456.50 GBp to 461.00 GBp, with a volume weighted average price of approximately 459.27 GBp. Such strategic purchases indicate Foresight's unwavering commitment to optimizing its capital structure and maximizing returns for its shareholders.
Current Shareholder Dynamics
As per the latest reports, Foresight Group now holds a total of 1,623,127 of its ordinary shares in treasury. Out of the total 116,347,803 Ordinary Shares currently in issue, only 113,307,303 remain with active voting rights, while 3,040,500 are held in treasury. This dynamic can influence various aspects of shareholder engagement and reporting obligations, especially under the regulations that govern market disclosures.
Compliance with Financial Regulations
In compliance with Article 5(1)(b) of the UK regulation on market abuse, the details surrounding individual trades undertaken as part of the share buyback initiative are transparent. This ensures that stakeholders are kept informed about the trading activity and share dynamics within the company.
Foresight's Ongoing Commitment to Sustainability
Foresight Group is not just about financial returns; it encompasses a broader vision of sustainability and supporting the global energy transition. Founded in 1984, the company has evolved into a leading investment manager focusing on sectors that support the decarbonization of industries and recovery of nature. With decades of experience, Foresight aims to provide investors access to unique investment opportunities that align with impactful and transformative changes across various sectors.
Investor Relations Contact
For inquiries regarding the Group’s financial performance and share buyback programs, stakeholders can reach out to:
Foresight Group Investors
Liz Scorer / Ben McGrory
Phone: +44 (0) 7966 966956 / +44 (0) 7443 821577
Email: ir@foresightgroup.eu
Investing in Tomorrow
Foresight’s extensive experience in investment management uniquely positions it to offer solutions that stand at the forefront of industry advancements. Its diversified approach to investment allows the Group to meet its dual commitment: offering attractive returns to investors while also ensuring that the investments contribute positively towards a sustainable future.
Frequently Asked Questions
What is the purpose of Foresight's share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of shares outstanding, thus potentially increasing earnings per share.
Who is responsible for executing the share buyback transactions?
JOH Berenberg, Gossler & Co KG has been designated to manage the share buyback transactions for Foresight Group.
How many shares were bought back in this latest transaction?
In the most recent share buyback, Foresight acquired a total of 13,343 ordinary shares.
What impact will the buyback have on shareholder voting rights?
The shares bought back are held in treasury and do not possess voting rights, thus reducing the count of voting shares in circulation.
What is Foresight's commitment to sustainability?
Foresight Group focuses on supporting energy transitions and sustainable investments, aligning financial returns with broader environmental and societal goals.
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