ICG Enterprise Trust plc's Recent Share Buyback Announcement
ICG Enterprise Trust plc Announces Share Buyback
ICG Enterprise Trust plc (the “Company”) has recently made a significant move in its investment strategy as part of its commitment to enhancing shareholder value. On 27 October 2025, the Company successfully repurchased 15,000 of its own shares at an average price of 1598 pence per share. This transaction is part of a broader strategy to optimize its capital structure and enhance liquidity for investors.
Details of the Share Buyback Transaction
The recent buyback will see these shares retained as treasury shares. Following the completion of this purchase, the total number of shares held as treasury shares will increase to 729,722. Additionally, the total shares in issue, excluding treasury shares, will stand at 62,824,470 after this transaction.
Regulatory Authority and Future Outlook
The share buyback initiative was authorized by shareholders at the Annual General Meeting held in June 2025. This authorization allows the Company to repurchase a maximum of 14.99% of its ordinary shares. The actual volume of shares to be bought back is subject to prevailing market conditions, which means the Company can adapt its strategy as needed.
Understanding the Buyback Authority
The share buyback authority is valid until the next Annual General Meeting expected in 2026, unless revoked sooner by the shareholders. Such flexibility is crucial as it provides the Company with the ability to respond dynamically to market opportunities.
Buying Shares at Fair Value
The Company has specified that it will not pay a price that exceeds the net asset value of the shares during this buyback. This prudent approach ensures that the interests of existing shareholders are safeguarded while maximizing the value of the investments.
Role of Numis Securities Limited
In order to facilitate these transactions, ICG Enterprise Trust plc has engaged Numis Securities Limited (operating as Deutsche Numis) as its broker. This partnership aligns with the UKLA Listing Rules and illustrates the Company’s commitment to compliance and transparency in its share repurchase activities.
Engaging with Stakeholders
The Company remains open to communication with its stakeholders. For any analyst or investor queries, Chris Hunt from Shareholder Relations can be contacted at +44 (0) 20 3545 2020. Additionally, Andrew Lewis, the Company Secretary, is available for inquiries at +44 (0) 20 3545 1344.
Corporate Communications Contact
For media relations, Clare Glynn from Corporate Communications can be reached at +44 (0) 20 3545 1395, ensuring that all narratives surrounding the Company’s activities are conveyed accurately and effectively.
Frequently Asked Questions
What is the purpose of the share buyback?
The share buyback aims to enhance shareholder value by repurchasing shares at favorable prices and optimizing the Company's capital structure.
How many shares are now held as treasury shares?
After the recent buyback, the Company will hold a total of 729,722 shares as treasury shares.
What was the price per share during the buyback?
The shares were repurchased at an average price of 1598 pence per share.
When was the buyback approved?
The buyback was approved by shareholders at the Annual General Meeting in June 2025.
Who manages the buyback transactions?
Numis Securities Limited acts as the broker for managing the share buyback transactions, ensuring compliance with regulations.
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