Foresight Group's Strategic Share Buyback Program
Foresight Group Holdings Limited, a leading investment manager well-known for its prowess in real assets and capital growth, has initiated a new share buyback program. With a clear vision of enhancing shareholder value, this initiative supports the company's ongoing commitment to fostering investor trust and long-term growth.
Details of the Recent Share Buyback
In line with the announced buyback program initiated on a specific date, Foresight recently acquired a significant number of its ordinary shares. This notable action underscores the Group's strong performance and management's confidence in its future prospects. In total, the Group executed the purchase of 5,309 ordinary shares through its trading partner, Berenberg.
Key Transaction Metrics
On the date of the purchase, several key metrics were noted:
- Lowest price paid per share: 460.00 GBp
- Highest price paid per share: 465.50 GBp
- Volume weighted average price: 463.33 GBp
These figures give a clear picture of the market dynamics at the time of the transaction, showcasing Foresight's strategic approach in executing the buyback.
Shares Held in Treasury
Once finalized, the acquired shares will be held in treasury, whereby they will not hold any voting rights. As part of the ongoing share repurchase plan, Foresight has successfully bought back a total of 2,114,949 ordinary shares, reinforcing its commitment to returning value to shareholders.
From the total issued shares of 116,347,803, 114,815,481 retain voting rights, while 1,532,322 are classified as non-voting. This distribution is critical for shareholders as they use the total number of voting shares for vital calculations related to their interests in Foresight Group.
Aggregate Share Buyback Information
Foresight’s effective transaction strategy continues to illustrate its tactical operations in the market. Below are the summarized stats from Berenberg’s trading actions during the share buyback:
| Trading Venue | Volume-weighted average price (pence per share) | Aggregated volume |
|---|---|---|
| LSE | 463.33 | 5,309 |
Individual Trade Insights
Delving deeper into the individual trades gives investors a better understanding of the trading pattern:
- 489 shares purchased at 465.00 GBp
- 336 shares purchased at 464.00 GBp
- 1,042 shares purchased at 464.00 GBp
- 939 shares purchased at 464.00 GBp
- 380 shares purchased at 464.50 GBp
- 190 shares purchased at 464.50 GBp
These transactions reveal a coherent strategy focused on optimizing the share price and timing throughout the repurchase period.
Commitment to Sustainability
As a long-established player in the investment sector since its inception in 1984, Foresight Group's actions within the market reflect its overarching commitment to sustainable growth in real assets. The Group continuously seeks to provide investors access to impactful ventures that contribute to environmental benefits and support market innovation.
Foresight actively builds opportunities aimed at energy transition, industrial decarbonization, and enhancing recovery initiatives while maximizing returns for its stakeholders.
Contact Information for Investors
For inquiries or further information about Foresight's initiatives, interested parties can 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
H-Advisors Maitland
Sam Cartwright / Audrey Da Costa
+44 (0) 782 725 4561 / +44 (0) 781 710 5562
Foresight@h-advisors.global
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 returning capital to investors and demonstrating confidence in the company's future performance.
How many ordinary shares did Foresight Group purchase?
Foresight Group purchased a total of 5,309 ordinary shares through its trading partner, Berenberg.
What is the volume-weighted average price paid by Foresight for its shares?
The volume-weighted average price paid per share was 463.33 GBp during the share buyback.
How many shares are currently held in treasury?
Currently, 1,532,322 shares are held in treasury and do not have voting rights.
How can investors contact Foresight Group for inquiries?
Investors can reach Foresight Group investors through the contact details provided, including phone numbers and email addresses.
