ICG Enterprise Trust Plc: Transaction in Own Shares
ICG Enterprise Trust plc (the “Company”)
Share Buyback Announcement
The Company announces that it bought back 15,000 of its own shares to be held as treasury shares, at an average price of 1274 pence per share. This buyback was executed on the most recent market conditions.
Details of Treasury Shares
Following the settlement of this purchase, the number of shares held as treasury shares is now 7,563,133. The total number of shares in issue, excluding treasury shares, stands at 65,349,867.
Shareholder Authority
The Company has repurchased these shares under the authority granted by shareholders at its Annual General Meeting in the previous year, allowing for the repurchase of a maximum of 14.99% of its ordinary shares. The actual number of shares that may be repurchased will fluctuate based on market conditions. This authority remains valid until the next shareholder approval is anticipated to be during the Annual General Meeting in the coming year, or until expressly revoked by shareholders.
Buyback Considerations
No maximum consideration payable has been established by the Company; however, it cannot pay a price for any shares in the buyback that exceeds the net asset value. The current intention of the Company is to hold any repurchased shares in treasury.
Brokerage Arrangements
Numis Securities Limited is the broker for these buyback transactions, operating under the trading name of Deutsche Numis. This arrangement complies with the UKLA Listing Rules and the Company’s general authority to buy back shares.
Contact Information
Analyst / Investor enquiries:
Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020
Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344
Media Contact:
Catherine Armstrong
Corporate Communications, ICG
+44 (0) 20 3545 1850
Frequently Asked Questions
What shares did ICG Enterprise Trust buy back?
ICG Enterprise Trust bought back 15,000 of its own shares to be held as treasury shares.
At what price were the shares bought back?
The shares were acquired at an average price of 1274 pence per share.
How many treasury shares does ICG hold after this transaction?
After the transaction, ICG holds a total of 7,563,133 treasury shares.
What was the total number of shares in issue after the buyback?
The total number of shares in issue, excluding treasury shares, is now 65,349,867.
Who is the broker managing the buyback transactions?
Numis Securities Limited is managing the buyback transactions for ICG Enterprise Trust.
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