ICG Enterprise Trust Buys Back Shares Amid Market Conditions
ICG Enterprise Trust Announces Share Buyback
ICG Enterprise Trust plc has taken a decisive step in its financial strategy by repurchasing shares. This move reflects the company's focus on maintaining a robust capital structure and enhancing shareholder value.
Details of the Buyback Transaction
On July 16, 2025, ICG Enterprise Trust purchased 10,000 of its own shares, which will be retained as treasury shares. This buyback occurred at an average price of 1382 pence per share. Such actions underscore the trust's commitment to active capital management and shareholder returns.
Current Treasury Holdings
Post-settlement, the total number of shares held as treasury shares will amount to 480,721. Additionally, the total shares in circulation, excluding these treasury shares, will stand at 63,073,471. These figures denote a strategic positioning by the company to optimize its share structure.
Authority and Intentions Behind the Buyback
The buyback operates under the authority granted by shareholders during the Annual General Meeting in June 2025. This authority allows the company to repurchase up to 14.99% of its ordinary shares. The specific number of shares repurchased is contingent upon prevailing market conditions. Shareholders can look forward to further discussions at the next annual general meeting planned for 2026, where additional authority may be sought.
Value Considerations in the Buyback
While there is no cap on the maximum amount that can be paid for the repurchased shares, the company is committed to ensuring that the buyback price does not exceed the net asset value. This prudent approach highlights the trust's ongoing dedication to safeguarding shareholders' interests. ICG Enterprise Trust aims to retain these shares in treasury, which reflects a strategic tactic to manage its equity efficiently.
Brokerage and Compliance in Transactions
To facilitate these buyback transactions, ICG Enterprise Trust has engaged Numis Securities Limited, operating under the name Deutsche Numis, as its broker. This choice complies with the UK Listing Authority (UKLA) rules. The arrangement is part of the company’s broader strategy to adhere to regulatory standards while actively managing its share repurchase initiatives.
Contact Information for Investors and Media Inquiries
For analyst and investor inquiries, ICG Enterprise Trust has provided direct contacts:
Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020
Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344
Media Contact:
Clare Glynn
Corporate Communications, ICG
+44 (0) 20 3545 1395
Frequently Asked Questions
What is ICG Enterprise Trust's recent buyback announcement?
ICG Enterprise Trust announced the purchase of 10,000 shares to be held as treasury shares, reflecting their strategy for shareholder value.
How many shares will be held as treasury shares post-buyback?
After the recent buyback, ICG Enterprise Trust will hold 480,721 treasury shares.
What percentage of shares can ICG Enterprise Trust repurchase?
The company can buy back up to 14.99% of its ordinary shares as per the authorization by shareholders.
Who is responsible for managing the buyback transactions?
Numis Securities Limited, trading as Deutsche Numis, has been appointed as the broker to manage these repurchase transactions.
What are shareholders' expectations regarding the buyback?
Shareholders can anticipate more discussions on repurchase authority at the next Annual General Meeting in 2026.
About The Author
Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.