ICG Enterprise Trust Engages in Strategic Share Buyback Moves

Author: Owen Jenkins Updated: 06-20-2025 02:15 AM

ICG Enterprise Trust's Share Buyback Announcement

ICG Enterprise Trust plc (the “Company”)

The Company recently made a notable move on June 19 by purchasing 15,000 of its own shares, which are now classified as treasury shares, with an average price of 1380 pence for each share. This decision showcases the Company's proactive approach in managing its capital and highlights its commitment to enhancing shareholder value.

Details of the Current Purchase

Following the settlement of this buyback, the Company's treasury shares now total 380,721. Additionally, the total shares issued, excluding treasury shares, stand at 63,173,471. Such strategic actions are made possible under the authority granted during the Company’s recent Annual General Meeting. This empowerment allows the Company to repurchase a maximum of 14.99% of its ordinary shares.

Understanding the Rationale Behind the Buyback

The decision to buy back shares is not taken lightly, with the actual number of shares repurchased being contingent on market conditions. Importantly, the Company aims to utilize this authority until the next shareholder approval anticipated in 2025, or until revoked by the shareholders explicitly. There is no designated maximum consideration for this buyback, but the Company ensures that no shares are repurchased at a premium to the net asset value, reflecting its cautious and strategic planning.

Brokerage Partnership and Compliance

To facilitate these transactions, ICG Enterprise Trust has appointed Numis Securities Limited, operating as Deutsche Numis, as its broker. This partnership aligns with UKLA Listing Rules as well as the Company’s overarching mandate to repurchase shares. This compliance-driven approach reinforces the Company’s commitment to transparency and adherence to regulatory standards.

Contact Information for Inquiries

For further inquiries, stakeholders can reach out to:

Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020

Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344

Clare Glynn
Corporate Communications, ICG
+44 (0) 20 3545 1395

Frequently Asked Questions

What is the purpose of ICG Enterprise Trust's share buyback?

The share buyback aims to enhance shareholder value by purchasing shares at strategic price points while managing the overall capital effectively.

How many shares has ICG Enterprise Trust purchased in total?

The Company has bought back 15,000 shares, leading to a total of 380,721 held as treasury shares.

What is the maximum percentage of shares that can be repurchased?

The Company is authorized to repurchase up to 14.99% of its ordinary shares as determined at the Annual General Meeting.

Who is responsible for executing the buyback transactions?

Numis Securities Limited, trading as Deutsche Numis, has been appointed as the broker to manage these buyback transactions.

What will happen to the repurchased shares?

It is the Company’s intention to hold all shares bought back in treasury for future strategic use.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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