ICG Enterprise Trust PLC's Recent Share Buyback Explained

Author: Evelyn Baker Updated: 06-26-2025 02:16 AM

Understanding ICG Enterprise Trust PLC's Share Buyback

ICG Enterprise Trust plc (the “Company”) recently took a significant step in managing its shares by executing a buyback. As part of a strategic initiative, on June 25, 2025, the Company repurchased 15,000 of its own shares at an average price of 1395 pence each. This is an important development for both the Company and its shareholders.

Details of the Buyback Transaction

With this buyback, ICG Enterprise Trust now holds a total of 440,721 shares as treasury shares. The repurchase indicates a proactive approach to managing its equity, especially in the context of current market conditions. Additionally, following this transaction, the total number of shares in circulation, excluding treasury shares, stands at 63,113,471.

Market Authorization and Future Plans

The authority for this share buyback was granted by shareholders during the Annual General Meeting in June 2025. The Company is permitted to repurchase up to 14.99% of its ordinary shares, showcasing a commitment to shareholder value. It's essential to note that the exact number of shares repurchased can vary based on market dynamics.

Repurchase Conditions and Intentions

While there is no set maximum consideration for the shares, ICG Enterprise Trust adheres to guidelines that prevent buying back shares at prices that exceed the net asset value. The primary intention behind this purchase is to hold the shares in treasury, signaling a strategic move that allows flexibility for future use or additional shareholder value enhancement.

Brokers and Compliance

ICG Enterprise Trust has engaged Numis Securities Limited, operating under the name Deutsche Numis, to act as its broker for these buyback activities. This relationship ensures compliance with UK Listing Authority (UKLA) rules and carries the authority to repurchase shares, which reflects the Company’s long-term vision and investor-oriented approach.

Contact Information for Stakeholders

For analysts and investors seeking more information, they can reach out to Chris Hunt, who is responsible for Shareholder Relations at ICG, via telephone at +44 (0) 20 3545 2020. Andrew Lewis, the Company Secretary, is also available for inquiries at +44 (0) 20 3545 1344. Furthermore, media inquiries should be directed to Clare Glynn in Corporate Communications, reachable at +44 (0) 20 3545 1395.

Frequently Asked Questions

What is a share buyback and why is it important?

A share buyback, or repurchase, occurs when a company purchases its shares from the market, reducing the number of outstanding shares. This can enhance shareholder value by increasing earnings per share and sending positive signals about the company’s financial health.

How does holding shares as treasury shares benefit ICG Enterprise Trust?

Holding shares as treasury can offer flexibility for the Company, allowing them to reissue shares in the future or to fulfill other commitments like employee compensation without diluting existing shareholders’ equity.

Who is responsible for managing the buyback transactions?

ICG Enterprise Trust has appointed Numis Securities Limited to oversee its buyback transactions, ensuring compliance with relevant regulations and executing shares efficiently.

What was the average purchase price for the shares bought back?

The average price paid for the shares repurchased by ICG Enterprise Trust was 1395 pence per share, demonstrating the Company’s commitment to a strategic price point.

When can ICG Enterprise Trust repurchase shares again?

The current buyback authority lasts until the next Annual General Meeting, anticipated in 2026, or until such authority is revoked by shareholders, according to standard corporate governance practices.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

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.