ICG Enterprise Trust Announces Share Buyback
ICG Enterprise Trust plc (the “Company”)
The company recently made an important step by purchasing 10,000 of its shares on 18 November 2025. This action is part of a broader strategy to hold these shares as treasury stock, with the average purchase price recorded at 1462 pence per share.
Details of the Share Buyback
Post-purchase, the total number of shares that the Company retains as treasury shares will now amount to 804,722. Additionally, the total shares in issue, excluding treasury shares, will stand at 62,749,470 following this transaction.
Authority and Conditions for the Buyback
The authority to execute this share buyback was granted during the Company’s Annual General Meeting held in June 2025. It allows for the repurchase of up to 14.99% of the ordinary shares. The actual number of shares that will be bought back is contingent upon the prevailing market conditions. This buyback authority will continue until the next shareholder meeting in 2026 or until revoked by shareholders.
Key Financial Considerations
The Company has not set a cap on the maximum consideration payable for the shares repurchased. However, it is essential to note that the Company cannot acquire shares at a price exceeding the net asset value. Currently, the plan is to retain any shares bought back in treasury, further strengthening the Company’s position in the market.
Broker Engagement
ICG Enterprise Trust has appointed Numis Securities Limited, operating under the name Deutsche Numis, as its broker to facilitate buyback transactions. This appointment complies with UKLA Listing Rules and aligns with the Company’s general authority for repurchasing shares.
Contact for Inquiries
For any inquiries regarding these transactions or other shareholder-related questions, the Company has provided contact details for its key personnel.
Investor Relations Contacts
Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020
Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344
Media Relations Contact
Clare Glynn
Corporate Communications, ICG
+44 (0) 20 3545 1395
Frequently Asked Questions
What is the purpose of the share buyback?
The buyback is intended to hold shares as treasury stock and enhance shareholder value.
How many shares are currently held in treasury?
After the recent transaction, the Company holds 804,722 shares in treasury.
What is the average price paid for the shares?
The average price for the shares purchased during the buyback was 1462 pence per share.
Who is the broker managing the buyback?
Numis Securities Limited, trading as Deutsche Numis, is the designated broker for the share buyback transactions.
When is the next shareholder authority expected?
The next shareholder authority meeting is anticipated to be in 2026.
