Foresight Group Announces Significant Share Buyback Program
Foresight Group Enhances Shareholder Value
Foresight Group Holdings Limited, a prominent investment manager in real assets, is making headlines with its recent share buyback initiative. This strategic move, aimed at enhancing shareholder value, is in line with its commitment to growth and innovation in the investment landscape.
Details of the Share Buyback Program
On September 10, the Group executed purchases as part of its share buyback program initiated earlier in the year. This action is a clear demonstration of the Group's confidence in its long-term growth prospects. In total, the company acquired 15,000 ordinary shares at varying price points, with the lowest being 454.50 pence and the highest at 457.00 pence per share.
Transaction Overview
The accumulated transactions reveal a volume-weighted average price of approximately 455.13 pence per share across the buyback. The significance of this program cannot be overstated, as it involves 1,683,127 shares being repurchased, reflecting the company's robust financial health and market strategy.
Impact on Share Structure
Following this buyback, Foresight Group's total ordinary shares now stand at 116,347,803. Out of these, 113,247,303 shares carry voting rights while 3,100,500 shares are held in treasury, hence non-voting. This buyback initiative allows shareholders to reassess their holdings and make informed decisions in accordance with the FCA’s Disclosure Guidance and Transparency Rules.
Trade Details and Venue
Conducted by Berenberg, the trades undertaken during this buyback were primarily executed through the London Stock Exchange (LSE). The trading venue provided a solid platform for executing these transactions, ensuring transparency and efficiency.
Foresight’s Commitment to Sustainable Growth
Founded in 1984, Foresight has established itself as a leader in providing investment management services focused on real assets. With a dedicated team, the Group continuously aims to enhance its investment solutions while supporting the energy transition and fostering economic potential.
This commitment is demonstrated through diversified strategies designed to boost asset values and offer competitive returns to investors. Foresight is firmly positioned within the FTSE 250 index, underscoring its significant role within the investment community.
Future Directions and Investment Solutions
As Foresight Group continues to adapt and implement its strategies, investors can expect ongoing access to lucrative investment opportunities. The company is dedicated to building a sustainable and thriving future while creating lasting impact through its investment endeavors.
Get in Touch with Foresight Group
For more information or inquiries, individuals can reach out to the Foresight Group Investors team. Specific contacts include Liz Scorer and Ben McGrory, who are readily available to provide additional insights into investment opportunities.
Foresight Group's journey reflects a steadfast mission to innovate and lead in the investment sector, ensuring that it remains a trusted partner for its stakeholders.
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to enhance shareholder value and reflects the company's confidence in its long-term growth.
How many shares were purchased under this buyback?
The Group purchased a total of 15,000 ordinary shares as part of the recent buyback initiative.
What are the price points for the shares purchased?
The shares were purchased at prices ranging from 454.50 pence to 457.00 pence each.
Who executed the trades for this buyback program?
The trades were executed by Berenberg, a trusted corporate broker specializing in such transactions.
What is Foresight Group's focus as a company?
Foresight Group focuses on real assets and aims to provide innovative investment solutions that support sustainable growth and the energy transition.
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