ICG Enterprise Trust plc Announces Strategic Buyback of Shares
ICG Enterprise Trust plc (the “Company”)
The Company proudly shares the exciting news of its recent buyback transaction, which took place on 24 November 2025. In a move designed to support its stock and showcase confidence in its future, ICG Enterprise Trust plc purchased 35,000 of its own shares at an average price of 1490 pence per share. This decision reflects the Company’s proactive strategy in maintaining its financial strength and enhancing shareholder value.
Details of the Share Buyback
With the completion of this transaction, the Company now holds a total of 849,722 shares as treasury shares. Following this buyback, the total number of issued shares, excluding treasury shares, stands at 62,704,470. These figures illustrate the Company’s commitment to optimizing its share structure and position in the market.
Authority and Strategy Behind the Buyback
The authority for this buyback was granted by shareholders during the Annual General Meeting held in June 2025. The approval empowers ICG Enterprise Trust plc to repurchase up to 14.99% of its ordinary shares. However, the actual number of shares repurchased will largely depend on prevailing market conditions. The authority for this action is set to last until the next shareholder approval at the anticipated Annual General Meeting in 2026, unless revoked earlier by the shareholders.
Financial Considerations and Future Intentions
While the Company has not set a cap on the total consideration payable for shares bought back, it emphasizes that no transaction can exceed the net asset value. The overarching intention is to retain these repurchased shares in treasury, aligning with the Company’s strategy to improve its overall capital structure and shareholder returns.
Investment Broker and Compliance
To facilitate its buyback program, ICG Enterprise Trust plc has appointed Numis Securities Limited, operating as Deutsche Numis, as the broker for these transactions. This partnership adheres to the UKLA Listing Rules and reinforces the Company's commitment to conducting its buyback transactions within regulatory frameworks.
Contact Information for Inquiries
For any analyst or investor inquiries, the Company encourages stakeholders to reach out to:
Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020
Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344
Additionally, for media inquiries, please contact:
Clare Glynn
Corporate Communications, ICG
+44 (0) 20 3545 1395
Frequently Asked Questions
What was the date of ICG Enterprise Trust plc's buyback transaction?
The buyback took place on 24 November 2025.
How many shares did ICG Enterprise Trust plc buy back?
ICG Enterprise Trust plc repurchased 35,000 shares during the buyback.
What is the average price paid per share in the buyback?
The average price paid per share was 1490 pence.
What is the current number of treasury shares held by the Company?
Following the buyback, the Company now holds 849,722 treasury shares.
Who is the broker managing the buyback transactions?
Numis Securities Limited, trading as Deutsche Numis, is handling the buyback transactions.
