News

ICG Enterprise Trust Plc Completes Share Buyback

ICG Enterprise Trust Plc Completes Share Buyback

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.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

Perkins Rolls Out Mahjong to Revive Family Bonds

Updated Category News Views 1

Perkins Ditches the Phones, Sparks True Connection No doubt about it, folks—Perkins Restaurant & Bakery has cooked up something special to bring families back to the table. Not just for pancakes or pies this time, but for a little classic game action with their limited-edition Mahjong set. Love it or leave it, this is Perkins tapping into the magic of togetherness...

Continue Reading
Once Upon a Coconut Supports Breast Cancer Cause

Updated Category News Views 0

Supporting Breast Cancer Awareness When a coconut water brand shifts to pink, it's not just about changing colors—it's a signal of commitment. Every October, the world paints itself pink to stand against breast cancer, and Once Upon a Coconut is no different. This year, they're diving headfirst into Breast Cancer Awareness Month with their limited-edition pink cans, all...

Continue Reading
New Leadership at Newmark: Tech Focus Amplified

Updated Category News Views 3

A Strategic Leap in Tech Leadership Newmark Group, Inc. (NASDAQ: NMRK) has handed the digital reins to Mike Whitaker, bringing him on board as Group Chief Information Officer. If you're in the loop with commercial real estate, this shakeup shouldn't come as a surprise. Newmark's been pretty gung-ho about tightening their tech playbook, and Whitaker's appointment is just...

Continue Reading
Derek Pesta Shines: Forbes Top Wealth Advisors 2026

Updated Category News Views 3

An Unwavering Dedication to Clients Every once in a while, the industry tips its hat to someone who truly knows what they're doing. Derek Pesta, head honcho at Pesta & Pesta Wealth Management, has landed on the 2026 Forbes Top Next-Gen Wealth Advisors Best-in-State list. It’s not just a pat on the back; it's a solid nod to the way he runs his game. You know it’s big...

Continue Reading
Craig Hospital Expands: A Milestone for Rehab Care

Updated Category News Views 1

A Bold Step Forward in Neurorehabilitation Over a September sky in Englewood, Colorado, a ceremonial beam rose, marking a major milestone for Craig Hospital. It's not just steel and concrete; it's hope and progress for many who've found themselves at the mercy of neurological injuries. Celebrating the 'topping out' of their expanded campus, Craig's latest step forward...

Continue Reading
Nailah Thorbourne's Vlair Shapewear: Fashion Freedom

Updated Category News Views 2

Fashion with a Punch: Nailah Thorbourne's New Venture You'd think from the way the fashion industry's been humming along that someone would've cracked the code on shapewear a long time ago, right? But alas, it takes Nailah Thorbourne to step out of Brick & Lace's spotlight and into this shapely market with Vlair Shapewear. Apparently, what most overlooked in comfort, she...

Continue Reading
Celina Graves Joins Expanding GoLive Streamers Platform

Updated Category News Views 1

Celina Graves Breaks New Ground on GoLive Streamers You'd think television capture all the talent buzz, but nope. Celina Graves, known from her semifinalist run on America's Got Talent, is diving into new waters by joining GoLive Streamers. She's stirring up the scene by making her performances more personal, stretching beyond the flatness of your typical TV appearance....

Continue Reading
Elevest's Fund 70: High Hopes in Dallas Tower Deal

Updated Category News Views 2

Aiming High in the Heart of Dallas Rolling the dice in downtown Dallas isn't for the faint-hearted, but Elevest Capital is strutting in with swagger. Their 70th fund acquisition—a 229-unit high-rise—is rocking the highest going-in cap rate the firm has ever snagged at 6.4%. Built in 2007 and lounging at a comfy 93% occupancy with zero concessions, this property sure...

Continue Reading
J.P. Morgan, Thunes Partner for Global Payment Integration

Updated Category News Views 2

You don't need a crystal ball to see J.P. Morgan's playing the long game by teaming up with Thunes. In this world, where cash is digital and the reach is global, it's all about speed and scale—brushing elbows with the right partners makes all the difference. Sometimes it's about knowing when to hitch your wagon to a reliable workhorse, especially when global commerce is...

Continue Reading
RiskScout Rides High on Funding, Tackles Financial Crime

Updated Category News Views 3

A Fresh Injection to Combat Financial Crime Capital's flowing into RiskScout's coffers thanks to a new funding round, and it's not just about cash—it’s about gearing up for a battle against financial crime. The round was led by LiveOak Ventures, who aren't new to the block, alongside other players like Castle Creek Launchpad and Alloy Labs. After tripling their...

Continue Reading

Top 5 Most Recently Viewed Articles

AFR Innovates Lending Solutions for Partners with New Tech

Updated Category News Views 209

American Financial Resources Enhances Correspondent Lending American Financial Resources, LLC (AFR) is proud to announce a significant expansion of its Correspondent Lending Department. The initiative is focused on empowering mortgage bankers, brokers, and investors. With the introduction of advanced technology solutions and improved Conventional Non-Owner Occupied (NOO)...

Continue Reading
DNO ASA Announces Ex-Dividend Trading Information for Shares

Updated Category News Views 169

DNO ASA Enters Ex-Dividend Trading Period DNO ASA, a notable Norwegian oil and gas operator known for its diverse operations, has announced that its shares will be traded ex-dividend starting today. This marks an important period for investors as they consider their options regarding DNO's stock. Details on Dividend Payment The company has declared a dividend payment of...

Continue Reading
Innovative Path to Sustainability in NYC's JFK Terminal 6

Updated Category News Views 341

JFK Millennium Partners Unveils Sustainable Equipment Initiative In a bold move towards sustainability, JFK Millennium Partners has issued a request for proposals (RFP) for an all-electric fleet of ground support equipment (GSE) dedicated to the new Terminal 6 at John F. Kennedy International Airport. This initiative is an integral part of Terminal 6's sustainability...

Continue Reading
Almadex Minerals Partners with Azucar on Nevada Exploration

Updated Category News Views 144

Exciting Partnership Between Almadex Minerals and Azucar Almadex Minerals Ltd. is thrilled to announce a new Option-Joint Venture exploration agreement with Azucar Minerals Ltd. This agreement allows Azucar to acquire a significant 60% interest in three mineral claims in Nevada, specifically the Pilot, Confusion Hills, and Red Ring projects. This collaboration aims to...

Continue Reading
NASA and SpaceX Prepare for Exciting Crew-11 Launch Event

Updated Category News Views 109

NASA and SpaceX Prepare for Crew-11 Launch Event Media accreditation is currently open for a significant event in space exploration: the launch of the Crew-11 mission. This mission represents NASA's 11th rotational endeavor with SpaceX, featuring a Falcon 9 rocket and a Dragon spacecraft that will transport astronauts to the International Space Station (ISS) for vital...

Continue Reading