Foresight Group's Strategic Share Buyback Initiative Announced
Overview of Foresight Group's Share Buyback
Foresight Group Holdings Limited, a prominent investment manager specializing in real assets and providing crucial capital for growth, recently made headlines with its new share buyback program. This initiative marks a strategic move to enhance shareholder value and reflects the company's robust financial standing.
Details of the Share Buyback Program
As part of their commitment to shareholder returns, Foresight has announced the purchase of a significant number of its ordinary shares. The buyback program allows the company to repurchase shares in a structured manner, beginning with an aggregate of 202,394 Ordinary Shares bought back thus far. These purchased shares will be held in treasury, meaning they will not possess voting rights during this period.
Transaction Specifics
The program commenced with the purchase of 50,000 Ordinary Shares, executed through Berenberg, a reputable third-party broker. The transactions were carried out on the LSE, with the shares having the lowest price paid at 333.00 GBp and a peak price at 339.00 GBp during the purchase period. The volume-weighted average price calculated for the shares came to approximately 336.29 GBp. Such strategic purchasing is designed to stabilize the share price and can be seen as a positive sign for potential investors.
Current Share Status
After initiating the buyback, Foresight now has 116,347,803 Ordinary Shares currently issued. Out of this total, 113,543,413 shares are in active circulation with voting rights, while 2,804,390 shares remain held in treasury, reflective of the company’s commitment to maintain liquidity in the marketplace.
Investor Insights
For shareholders, the total number of voting shares will serve as a denominator for necessary calculations related to notifying interests in the company. Investors should weigh this information carefully when making decisions regarding their stakes in Foresight Group.
Commitment to Transparent Operations
Foresight continues to adhere to regulatory requirements set forth by the FCA’s Disclosure Guidance and Transparency Rules. Subsequently, all trades conducted under the buyback program have been reported to ensure transparency, aligning with best practices in corporate governance.
Future Outlook for Foresight Group
As the company pushes forward with its buyback program, it underscores its determined focus on operational excellence and shareholder value. The shares purchased will empower the Group as it emphasizes growth and adapts to changing market dynamics for investment opportunities.
About Foresight Group Holdings Limited
Founded in 1984, Foresight has solidified its position as a leading investment manager in real assets while promoting sustainable practices. The firm has successfully diversified its investment portfolios across the UK, Europe, and Australia, showcasing a commitment to growth across various sectors.
Foresight's unique approach combines decades of experience with a keen focus on driving capital growth and innovation. The company’s strategies actively support the energy transition and enhance economic recovery.
For further inquiries, interested parties may contact:
Foresight Group Investors
Liz Scorer / Ben McGrory
+44 (0) 7966 966956 / +44 (0) 7443 821577
ir@foresightgroup.eu
About the Company:
Foresight Group is dedicated to creating attractive investment solutions leading the way to a sustainable future.
Frequently Asked Questions
What is the purpose of the share buyback program by Foresight Group?
The share buyback program aims to enhance shareholder value, stabilize the stock price, and signal confidence in the company’s financial health.
How many shares has Foresight Group bought back?
Thus far, Foresight Group has successfully bought back an aggregate of 202,394 Ordinary Shares as part of their buyback initiative.
What is the current status of shares in circulation?
Currently, Foresight Group has 113,543,413 shares with voting rights actively in circulation, while 2,804,390 shares are held in treasury.
Who is managing the share buyback transactions?
The share buyback transactions are managed by Berenberg, a reputable broker, ensuring effective execution of the buyback program.
What is Foresight Group's long-term vision?
Foresight Group is committed to driving growth across sectors while maintaining a focus on sustainable investment solutions that support the broader economic recovery and the transition towards green energy.
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