Foresight Group's Strategic Share Buyback Highlights Growth
Foresight Group Announces Significant Share Buyback
Foresight Group Holdings Limited, a distinguished investment manager in real assets, recently disclosed details about its ongoing share buyback program. This initiative underscores Foresight's commitment to enhancing shareholder value while continuing its focus on sustainable growth.
Details of the Share Buyback Program
In alignment with the terms set forth in the share buyback program announced on April 10, the Group undertook the purchase of a notable number of its ordinary shares. This was executed via JOH Berenberg, Gossler & Co KG, commonly known as Berenberg, illustrating Foresight's strategic approach to managing its equity.
Transaction Breakdown
The latest transactions include the acquisition of 15,000 ordinary shares at various price points. The lowest price paid per share was recorded at 379.00 pence, while the highest reached 383.50 pence, resulting in a volume-weighted average price of approximately 379.44 pence. The collective effort under this new Buyback Program has led to a total of 663,538 ordinary shares being repurchased.
Impact and Treasury Holdings
Upon settlement of these purchases, the shares will be transferred to the Group's treasury, rendering them non-voting as long as they are held there. Foresight currently has 116,347,803 ordinary shares issued, with 113,082,269 maintaining voting rights and 3,265,534 shares held in treasury. This restructuring plays a crucial role for shareholders when calculating their interests under relevant disclosure regulations.
Regulatory Compliance
Under UK regulations regarding market conduct, Foresight Group is required to report these transactions transparently. This includes detailing the trades made by its broker Berenberg, reinforcing Foresight's commitment to maintaining high standards of corporate governance.
Successful Execution of Investment Strategies
With decades of experience, Foresight’s diversified investment approach combines financial acumen with operational proficiency to maximize asset values effectively. The Group continues to offer an engaging platform for investors, providing access to promising investment opportunities that are central to global shifts toward sustainability.
About Foresight Group
Founded in 1984, Foresight is recognized as a leading investor specializing in real assets and driving growth capital. Operating primarily within the UK, Europe, and Australia, Foresight works assiduously to develop robust investment solutions that contribute to the energy transition, facilitate industry decarbonization, promote recovery of natural ecosystems, and tap into the economic potential of progressive enterprises.
The organization is a proud constituent of the FTSE 250 index, reflecting its stability and success among competitors. Foresight's comprehensive investment strategies cater to both private and public sectors, alongside a variety of financial solutions designed with retail investors in mind.
Foresight's unified vision emphasizes the growth of sustainable companies and healthy economies, reinforcing its position in the investment management industry.
For additional inquiries, reach out to Foresight Group Investors through Liz Scorer or Ben McGrory at +44 (0) 7966 966956 / +44 (0) 7443 821577. Alternatively, contact Berenberg (Joint Corporate Broker) at +44 (0) 203 753 7800 for more assistance.
Frequently Asked Questions
What is the purpose of the share buyback program by Foresight Group?
The share buyback program aims to enhance shareholder value by purchasing ordinary shares from the market and holding them in treasury.
How many shares has Foresight purchased under this buyback program?
Foresight has purchased a total of 663,538 ordinary shares as part of this repurchase initiative.
What are the details of the latest share transactions?
The latest transactions included the purchase of 15,000 shares with prices ranging from 379.00 pence to 383.50 pence, averaging around 379.44 pence.
How does the treasury holding affect voting rights?
Shares held in the treasury do not possess voting rights, as they are not considered when determining shareholder interests.
What other investments and strategies does Foresight Group focus on?
Foresight is active in promoting sustainable investments, aiming to support energy transitions, decarbonization processes, and various initiatives to enhance nature recovery.
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