ICG Enterprise Trust's Strategic Stock Buyback Initiative

Author: Dylan Bailey Updated: 08-20-2025 02:16 AM

ICG Enterprise Trust plc Engages in Significant Share Buyback

ICG Enterprise Trust plc (the Company) is proactively managing its equity through a recently announced buyback of its own shares. The move reflects their commitment to shareholder value and effective capital management strategies.

Details of the Transaction

On a recent trading day, the Company successfully repurchased 10,000 shares at an average price of 1459 pence each. This decision is intended to bolster the Company's treasury shares, demonstrating a positive outlook on the stock's future performance.

Payout and Treasury Shares

Following this transaction, ICG Enterprise Trust now holds a total of 614,721 shares as treasury shares. Moreover, the total number of shares in issue, excluding treasury stocks, stands at 62,939,471. This comprehensive buyback plan contributes to a robust share structure.

Authority for Share Repurchase

The buyback operation is facilitated under the authority granted by shareholders during the Annual General Meeting. This authority permits the Company to repurchase up to 14.99% of its ordinary shares, ensuring compliance with all regulatory standards. The flexibility to adjust the number of shares repurchased depending on market conditions allows for strategic adaptability.

Investment Strategy and Financial Prudence

ICG Enterprise Trust has adopted a prudent approach to any related costs. They are committed to avoiding a buyback that exceeds the net asset value, ensuring that they maintain financial integrity. This careful consideration shows the Company's dedication to preserving shareholder interests.

Brokering the Buyback Transactions

For these buyback transactions, ICG Enterprise Trust has appointed Numis Securities Limited, functioning as Deutsche Numis, as their broker. This collaboration adheres strictly to the UKLA Listing Rules, further solidifying their commitment to good governance and ethical trading practices.

Support for Shareholders and Investors

The Company values transparency in communication with its investors. Chris Hunt, part of Shareholder Relations at ICG, is available at +44 (0) 20 3545 2020 for any inquiries related to shareholder interests. For administrative questions, Andrew Lewis, the Company Secretary, can be reached at +44 (0) 20 3545 1344, while Clare Glynn is the point of contact for media at +44 (0) 20 3545 1395.

Frequently Asked Questions

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

The buyback aims to enhance shareholder value by managing the equity structure of the Company effectively.

How many shares were bought back in this transaction?

10,000 shares were repurchased by the Company at an average price of 1459 pence each.

What will happen to the shares bought back?

These shares are intended to be held as treasury shares, contributing to a solid financial foundation for the Company.

What authority governs this buyback initiative?

The buyback is conducted under the authority granted by shareholders during the Annual General Meeting.

Who can be contacted for more information regarding the buyback?

Investors can reach out to Chris Hunt at +44 (0) 20 3545 2020 for shareholder related inquiries.

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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