ICG Enterprise Trust plc Completes Buyback of Shares

Author: Thomas Cooper Updated: 06-04-2025 02:16 AM

Overview of Recent Share Buyback by ICG Enterprise Trust plc

ICG Enterprise Trust plc has taken an important step in enhancing shareholder value by initiating a buyback of its own shares. This strategic move reflects the company's commitment to managing its capital effectively and aligning with stockholder interests.

Details of the Buyback Transaction

On June 3, the company successfully repurchased 15,000 shares at an average price of 1293 pence each. This acquisition is set to increase the total number of shares held as treasury shares to 178,544. Following this transaction, the total number of shares in issue, excluding treasury shares, now stands at 63,375,648.

Authority to Repurchase Shares

The decision to buy back shares falls under the authority granted by the shareholders during the Annual General Meeting held in 2024. This authority permits the company the flexibility to repurchase a maximum of 14.99% of its ordinary shares. The actual volume of shares repurchased will be influenced by market conditions and other strategic factors.

Repurchase Strategy and Future Plans

Though the company has not set a maximum consideration payable for this buyback, it emphasizes that the purchase price will not exceed the net asset value of the shares. The intention is clear: to hold the repurchased shares in treasury, ensuring that they can be utilized effectively to support future corporate strategies.

Brokerage and Compliance Details

In terms of its buyback operations, ICG Enterprise Trust plc has enlisted Numis Securities Limited, operating as Deutsche Numis, as its broker. This relationship is structured in line with the UKLA Listing Rules and adheres to the company's broader authorization to repurchase shares.

Contact Information for Investors and Media Inquiries

If you have inquiries regarding this share buyback or any other investor-related matters, the company has designated contacts available:

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

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

For media inquiries, please reach out to:

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

Frequently Asked Questions

What is the purpose of the recent share buyback by ICG Enterprise Trust plc?

The buyback aims to enhance shareholder value and manage capital effectively, demonstrating the company's commitment to its investors.

How many shares has ICG Enterprise Trust plc repurchased?

The company has bought back 15,000 shares, increasing its treasury shares to 178,544.

What authority does the company have for this buyback?

The authority to repurchase shares was granted by shareholders at the 2024 Annual General Meeting, allowing a maximum of 14.99% repurchase.

Who is managing the buyback transactions for the company?

Numis Securities Limited, trading as Deutsche Numis, is the designated broker managing the buyback transactions for the company.

How can investors and media get in touch for inquiries?

Investors can reach out to dedicated contacts within ICG for inquiries, with specific details provided for shareholder relations and media communications.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

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