ICG Enterprise Trust plc Conducts Significant Share Buyback

Author: Dylan Bailey Updated: 08-18-2025 02:30 AM

Overview of Share Buyback by ICG Enterprise Trust plc

ICG Enterprise Trust plc (the “Company”) recently made an important announcement regarding its share buyback activities. On a specific day, the Company purchased 15,000 of its own shares to hold as treasury shares, at an average cost of 1452 pence per share. This move highlights the Company’s ongoing commitment to managing its equity structure effectively.

Details of the Buyback Transaction

Following the execution of this transaction, the total number of shares held as treasury shares stands at 594,721. Additionally, the total shares outstanding — excluding treasury shares — now amount to 62,959,471. The buyback aligns with the Company's strategy to enhance shareholder value through proactive share management.

Authority and Intent Behind the Buyback

The buyback is conducted under the authority granted by shareholders during the recent Annual General Meeting, where they approved a maximum repurchase of 14.99% of ordinary shares. This authority is set to remain valid until the next annual shareholder meeting or until revoked by the shareholders. It is important to note that the Company intends to maintain the repurchased shares in treasury in line with its strategy.

Market Considerations and Pricing Regulations

The Company is currently not bound by a fixed maximum consideration for the buyback, but any agreed price for shares must not exceed the net asset value. This pricing strategy ensures that the Company remains committed to upholding its financial integrity while engaging in share repurchases.

Brokerage and Compliance

For the execution of such buyback transactions, ICG Enterprise Trust plc has enlisted the services of Numis Securities Limited, who will act in accordance with the UKLA Listing Rules. This collaboration underscores the Company's commitment to compliance and prudent financial management as it navigates the buyback process.

Contact Information for Shareholder Engagement

For any inquiries, shareholders can reach out to:

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

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

Media Relations

For media inquiries, please contact:

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

Frequently Asked Questions

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

The buyback aims to reduce the outstanding share count and improve shareholder value by holding shares in treasury.

How many shares did ICG purchase during the buyback?

ICG purchased a total of 15,000 shares as part of this transaction.

What is the current number of treasury shares held by ICG?

Following the buyback, ICG now holds 594,721 shares in treasury.

Who is managing the buyback transactions for ICG?

Numis Securities Limited is responsible for managing the buyback transactions on behalf of ICG.

Will the repurchased shares be reissued or permanently held?

ICG intends to hold the repurchased shares in treasury and not reissue them at this time.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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