Foresight Group's Strategic Share Buyback Initiative in Capital Markets
Foresight Group's Commitment to Shareholder Value through Buybacks
Foresight Group Holdings Limited, a prominent player in investment management for real assets, has taken a significant step in strengthening its shareholder value with the recent announcement of its new share buyback program. This strategic move aligns with the Group’s commitment to providing capital for growth and ensuring its investors benefit from robust investment opportunities.
Details of the Share Buyback Program
Execution of the Buyback
In line with the announcement made earlier this year, the Group has successfully engaged in a share buyback initiative, reinforcing its strategic approach amid evolving market conditions. On 28 July, Foresight completed the acquisition of 15,000 of its ordinary shares through JOH Berenberg, Gossler & Co KG, effectively executing its revitalized strategy.
Key Figures
The notable aspects of this buyback transaction illustrate Foresight’s proactive stance. The lowest price recorded during the purchase was 464.50 GBp, while the highest reached 470.50 GBp. The volume-weighted average price stood at an impressive 467.895533 GBp. With this buyback, the total number of ordinary shares repurchased under the program now adds up to 1,220,352.
Impact on Voting Rights and Shareholder Calculations
Following the buyback, the ordinary shares held in treasury will not possess voting rights, which is crucial information for existing shareholders. Out of a total of 116,347,803 ordinary shares currently issued by the Group, only 112,525,455 carry voting rights, while 3,822,348 shares are held in treasury.
Understanding the Regulations and Reporting Requirements
Foresight Group's actions comply with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014, emphasizing its transparency in disclosing essential details regarding each trade conducted during the buyback. This commitment not only enhances trust among investors but also adheres to the FCA’s Disclosure Guidance and Transparency Rules.
Aggregate Trade Information
The following aggregate information summarizes the transactions executed on the London Stock Exchange (LSE), highlighting the trading details crucial for stakeholder analysis:
- Total shares purchased: 15,000
- Average price: 467.895533 GBp
- Total transactions executed: Multiple, reflecting robust market activity
Fostering Future Growth and Opportunities
Founded in 1984, Foresight Group is committed to maximizing the economic potential of its investment strategies, focusing on energy transition and sustainability. The Group has successfully positioned itself as a constituent of the FTSE 250 index, continually seeking to provide attractive returns to its investors through diverse strategies while also fostering responsible investment practices.
Foresight is not only about financial gains; it emphasizes building a sustainable future and enhancing nature recovery. This holistic approach makes the Group a leader in its field, ensuring that investors align with a firm that shares their ethical considerations.
Contact Information
For any further inquiries regarding the share buyback or investment opportunities, please reach out to:
Foresight Group Investors
Liz Scorer / Ben McGrory
+44 (0) 7966 966956 / +44 (0) 7443 821577
ir@foresightgroup.eu
Berenberg (Joint Corporate Broker)
James Felix / John Welch / Dan Gee-Summons
+44 (0) 203 753 7800
About Foresight Group Holdings Limited
With an extensive history and a vast portfolio, Foresight Group remains dedicated to achieving not only economic growth but also environmental and social sustainability. The Group continues to explore innovative investment avenues that align with its values and the changing dynamics of the world.
Frequently Asked Questions
What is the purpose of Foresight Group’s share buyback program?
The share buyback program aims to enhance shareholder value by repurchasing shares, thereby reducing the number of shares in circulation and potentially increasing the share price.
How many shares were repurchased during the recent buyback?
A total of 15,000 ordinary shares were repurchased during this buyback initiative.
What prices were involved in the share buyback?
The lowest price recorded was 464.50 GBp, and the highest price was 470.50 GBp, with a volume-weighted average of 467.895533 GBp.
What happens to shares bought back by Foresight Group?
The repurchased shares are held in treasury and do not hold voting rights while being in treasury.
Who can investors contact for more information about the buyback program?
Investors can contact Liz Scorer or Ben McGrory at +44 (0) 7966 966956 or email ir@foresightgroup.eu for further information.
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