ICG Enterprise Trust plc Implements Strategic Share Buyback Program

Author: Owen Jenkins Updated: 03-31-2025 02:18 AM

ICG Enterprise Trust plc Engages in Share Repurchase Initiative

ICG Enterprise Trust plc, widely recognized in the financial community, has taken a notable step to enhance shareholder value by executing a buyback of its own shares. On March 28, 2025, the company purchased 15,000 shares, which will be classified as treasury shares, at an average price of 1,267 pence each.

Details of the Share Buyback

Post-settlement of this transaction, the total number of treasury shares held by the company will reach 9,063,808. Consequently, the overall number of shares currently invested in circulation, excluding those held in treasury, will amount to 63,849,192.

Company's Buyback Authority

This strategic move aligns with the authority granted to ICG Enterprise Trust plc by its shareholders during the Annual General Meeting held in June 2024. The approval permits the company to repurchase a maximum of 14.99% of its ordinary shares, providing flexibility in managing share capital.

Market Considerations

The precise quantity of shares repurchased is contingent on prevailing market conditions. This buyback authorization remains valid until the next Annual General Meeting, expected to occur in 2025 or until shareholders advise otherwise.

Financial Prudence in Buyback Operations

While there is no predetermined maximum price for the shares to be engaged in this buyback, the company will ensure that the purchased shares do not exceed the net asset value. Moreover, ICG Enterprise Trust plc plans to retain these shares as treasury, further supporting its financial strategy.

Brokerage Partnership for Execution

In conducting these buyback transactions, ICG Enterprise Trust plc has engaged Numis Securities Limited, which is operating under the name Deutsche Numis for these purposes. This partnership is crucial as it aligns with the UKLA Listing Rules and the company's overarching authority concerning share repurchases.

Contact Information for Investor Queries

Investors and Analysts:

For insightful inquiries regarding this buyback, please 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-related questions, please contact:

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

Frequently Asked Questions

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

The share buyback program aims to enhance shareholder value by reducing the number of shares in circulation.

How many shares does ICG Enterprise Trust plc intend to hold as treasury shares?

After the recent buyback, the company will hold 9,063,808 shares as treasury shares.

Who is the broker engaged by ICG for the buyback?

ICG has appointed Numis Securities Limited, known as Deutsche Numis for these transactions, as its broker.

What is the maximum percentage of shares that can be repurchased?

The company is authorized to repurchase up to 14.99% of its ordinary shares.

Is there a maximum price set for the shares in the buyback?

While no maximum price has been established, shares purchased cannot exceed the net asset value.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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