Foresight Group Commences Strategic Share Buyback Programme
Foresight Group Commences Strategic Share Buyback Programme
Foresight Group Holdings Limited (LSE: FSG), a well-respected leader in investment management for real assets, is pleased to announce a new initiative as part of its ongoing commitment to creating shareholder value. This new share buyback programme, announced recently, underscores its proactive approach to capital management and growth.
Details of the Share Buyback
As part of this share buyback programme, the Group has detailed purchases through its broker, Berenberg. The overarching goal is to optimize capital structure and, at the same time, provide enhanced returns to shareholders.
Recent Purchase Summary
In the latest transaction, Foresight acquired a total of 10,363 ordinary shares at varying prices. Specifically, the acquisition took place on 19 June, with the lowest share price being 390.50 GBp and the highest at 395.00 GBp.
Impact on Outstanding Shares
With the latest round of buybacks, Foresight has repurchased a total of 851,041 ordinary shares under this new programme. Currently, the total number of shares issued stands at 116,347,803, of which 112,894,766 have voting rights. The remaining shares are held in treasury and therefore lack voting power.
Understanding the Buyback Regulations
To remain compliant with the UK regulatory framework, specifically the article of Regulation (EU) No. 596/2014, the Group provides detailed trade information for transparency. This is an important aspect of maintaining investor confidence and complying with the FCA’s Disclosure Guidance.
Trade Aggregates
The repurchase activities indicate thoughtful trading strategies as noted in the volume-weighted average price achieved during transactions. The strategic alignment of buying back shares at favorable rates reflects the company's intent to maximize shareholder returns.
Foresight Group: A Leader in Sustainable Investments
Founded in 1984, Foresight Group excels in managing real assets across multiple territories, including the UK, Europe, and Australia. The Group offers investors access to a variety of appealing investment opportunities that are pivotal in the evolving market.
Commitment to Decarbonization and Growth
Foresight’s mission revolves around supporting the energy transition and enhancing nature recovery while facilitating the growth of ambitious companies. This aligns perfectly with today's global focus on sustainability and responsible investment strategies.
Diversified Investment Strategies
As a constituent of the FTSE 250 index, Foresight Group combines financial acumen with operational expertise to optimize asset value. Its extensive offering of private and public funds positions it strongly for upcoming challenges and opportunities in the investment landscape.
About Foresight Group Holdings Limited
At its core, Foresight is driven by a collective ambition to ensure a sustainable future and to foster the growth of resilient economies. The Group not only focuses on maximizing financial returns but also prioritizes making a positive impact on the communities in which it operates.
Frequently Asked Questions
What is the purpose of Foresight Group's share buyback programme?
The programme is designed to enhance shareholder value by repurchasing shares, thereby optimizing the company’s capital structure.
How many shares have been purchased in the latest buyback?
In the latest buyback, Foresight Group acquired a total of 10,363 ordinary shares.
What are the price ranges for the shares repurchased?
The shares were repurchased within a price range of 390.50 GBp to 395.00 GBp.
What is the current total number of shares issued by Foresight Group?
The total number of shares currently issued stands at 116,347,803.
How does Foresight Group adhere to regulatory requirements?
Foresight stays compliant with UK regulations by disclosing detailed trade information and adhering to the FCA’s Disclosure Guidance and Transparency Rules.
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