ICG Enterprise Trust Initiates Share Buyback Program
ICG Enterprise Trust Announce Share Buyback Details
ICG Enterprise Trust plc is excited to inform its shareholders about a recent development regarding its share buyback program. On June 20, 2025, the company successfully bought back 15,000 of its own shares at an average price of 1375 pence per share. This strategic decision is designed to enhance shareholder value by holding these shares as treasury shares.
Current Share Status
Following the completion of this purchase, the total number of shares held by ICG Enterprise Trust as treasury shares has reached 395,721. Additionally, the total number of shares in circulation, excluding treasury shares, now stands at 63,158,471. This calculated move reinforces the company's commitment to managing its share capital effectively.
Authority and Future Plans
The share buyback was conducted under the authority granted by shareholders during the Annual General Meeting in June 2024. This resolution allows ICG Enterprise Trust to repurchase a maximum of 14.99% of its ordinary shares, showcasing a proactive approach to capital management. The actual number of shares repurchased will depend on prevailing market conditions.
Market Conditions and Strategy
ICG Enterprise Trust acknowledges that the decision to buy back shares is subject to market dynamics. As such, the company has not established a maximum price for the shares within the buyback program that would exceed its net asset value. The current strategy aims to hold any repurchased shares in treasury, further stabilizing the company's equity structure.
Brokering the Buyback
In its pursuit of this initiative, ICG Enterprise Trust has engaged Numis Securities Limited, trading as Deutsche Numis, to act as its broker for the buyback transactions. This partnership adheres to the UKLA Listing Rules and remains consistent with the company’s broader authority for share repurchases.
Contact Information for Stakeholders
For further inquiries, stakeholders can reach out to the following representatives:
Analyst and Investor Relations
Chris Hunt
Shareholder Relations, ICG
Telephone: +44 (0) 20 3545 2020
Company Secretary
Andrew Lewis
Company Secretary, ICG
Telephone: +44 (0) 20 3545 1344
Media Inquiries
Clare Glynn
Corporate Communications, ICG
Telephone: +44 (0) 20 3545 1395
Frequently Asked Questions
What is a share buyback?
A share buyback is a company's repurchase of its own shares from the marketplace, often to reduce the number of outstanding shares and enhance shareholder value.
How many shares has ICG Enterprise Trust bought back?
ICG Enterprise Trust has bought back 15,000 shares, holding a total of 395,721 shares as treasury stocks.
What is the average price per share for the buyback?
The average purchase price for the buyback was 1375 pence per share.
Who is managing the buyback transactions?
Numis Securities Limited, operating as Deutsche Numis, has been appointed as the broker for the buyback transactions.
What is the purpose of holding shares in treasury?
Holding shares in treasury allows a company to manage its equity structure effectively and provides flexibility for any future issuance or strategic decisions.
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