Foresight Group's Strategic Share Buyback Efforts Clarified
Understanding Foresight Group's Latest Share Buyback
Foresight Group Holdings Limited, known for its investment management expertise in real assets, recently detailed its ongoing share buyback strategy. This initiative, supported by previous announcements and extensions, showcases the Group's commitment to optimizing shareholder value. With a focus on purchasing its ordinary shares, Foresight is actively engaging in market movements to sustain its financial strength and operational growth.
Details of the Recent Transaction
During the latest transaction, Foresight Group acquired 25,000 ordinary shares at varying prices, reflecting a strategic approach to maintaining its market position. The shares were purchased through Deutsche Numis, emphasizing transparency in their market operations. The lowest price reached was 346.00 GBp, while the highest was recorded at 350.00 GBp. This calculated move is part of a broader strategy that totals 3,981,915 shares bought back under the program.
Total Shares and Voting Rights
As the buyback progresses, Foresight has transitioned 1,391,739 shares out of treasury. The total number of voting rights post-transaction amounts to 113,757,627, while the issued ordinary share capital stands at 116,347,803. This information is critical for shareholders who must disclose their interests under relevant financial regulations, ensuring that all parties remain informed and engaged.
Aggregate and Individual Trades Insight
In accordance with regulatory standards, Foresight Group has made public detailed aggregate information about the individual trades executed. The average price for shares during these exchanges was 348.04 GBp, providing valuable insights to investors. Transparency in these transactions is vital for maintaining trust with shareholders and reflecting the Group’s dedication to ethical practices.
Market Compliance and Reporting
The buyback program adheres to Article 5(1)(b) of the UK regulations governing market transactions, thereby reinforcing the Group's commitment to compliance. By publishing precise details of each trade, including number of shares and transaction times, Foresight is exemplifying good governance.
Contact Information for Investors
Investors with questions or seeking further information are encouraged to reach out to the relevant contacts provided by the Foresight Group. Liz Scorer and Ben McGrory are available for inquiries, ensuring that investor concerns are addressed promptly.
Foresight Group’s Vision and Commitment
Foresight Group has been a prominent player in investment management since its establishment in 1984, operating across multiple continents, including Europe and Australia. The Group’s mission focuses on achieving sustainable growth while investing in companies that are pivotal to the energy transition and economic recovery.
Foresight not only aims to provide attractive returns but is genuinely committed to building a sustainable future that benefits investors and the broader economy. By participating in initiatives that enhance nature recovery and decarbonization, Foresight positions itself as a forward-thinking investment manager.
The company’s diverse investment strategies, coupled with its operational expertise, allow it to maximize asset values effectively. With a suite of funds available for various market needs, Foresight continues to adapt its strategies to meet investor requirements.
Frequently Asked Questions
What is Foresight Group's recent share buyback program?
Foresight Group's share buyback program involves repurchasing its ordinary shares to enhance shareholder value and capitalize on market conditions.
How many shares has Foresight Group purchased under the buyback program?
Foresight has purchased a total of 3,981,915 shares under its ongoing buyback initiative.
What prices were involved in the recent share transactions?
The recent transactions recorded a lowest price of 346.00 GBp and a highest price of 350.00 GBp per share.
Who can shareholders contact for more information?
Shareholders can contact Liz Scorer or Ben McGrory for any inquiries related to the buyback program.
What is Foresight Group's commitment to sustainability?
Foresight is dedicated to investing in sustainable growth projects and companies that contribute positively to energy transition and environmental recovery.
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