ICG Enterprise Trust Plc: Transaction in Own Shares
ICG Enterprise Trust plc (the “Company”)
Announcement of Share Buyback
The Company is pleased to announce that it has repurchased 15,000 of its own shares, which will be held as treasury shares, at an average price of 1274 pence per share. This buyback was conducted in accordance with the latest market conditions.
Current Treasury Shares
With this recent purchase, the total number of shares held as treasury shares has now reached 7,563,133. Meanwhile, the overall number of shares in circulation, excluding treasury shares, is currently 65,349,867.
Authority from Shareholders
The Company executed this share repurchase under the authority granted by its shareholders during last year's Annual General Meeting. This authority permits the repurchase of up to 14.99% of its ordinary shares. The precise number of shares that can be repurchased may vary based on market conditions. This authority will remain effective until the next shareholder approval, which is expected to occur at the upcoming Annual General Meeting next year, or until it is explicitly revoked by shareholders.
Considerations for Buyback
While the Company has not set a maximum consideration for the buyback, it is important to note that it cannot pay a price for any shares that exceeds the net asset value. The Company currently intends to retain any repurchased shares in treasury.
Brokerage Details
Numis Securities Limited is acting as the broker for these buyback transactions, operating under the trading name of Deutsche Numis. This arrangement adheres to the UKLA Listing Rules and aligns with the Company's general authority to repurchase shares.
Contact Information
For Analyst / Investor enquiries:
Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020
Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344
For Media Inquiries:
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.