Foresight Group Expands Share Buyback Program for Growth
Foresight Group Holdings Limited Expands Share Buyback Program
Foresight Group Holdings Limited (LSE:FSG), an esteemed investment manager in real assets, has recently revealed enhancements to its existing share buyback program. This program, crafted to ensure continuous support for growth, is also a testament to the group’s steadfast commitment to returning value to its shareholders.
Details of the Latest Share Purchases
As part of this ongoing initiative, Foresight acquired a significant number of its ordinary shares of £nil par value. By collaborating with Deutsche Numis for executing these trades, the group successfully bought back 25,000 ordinary shares at a volume-weighted average price of 372.04 GBp. This strategic move showcases Foresight's investment strategy and dedication to shareholder returns.
Breakdown of Share Purchase Information
The transactions reflect a careful approach to financial management. The lowest and highest prices per share were recorded at 367.00 GBp and 376.00 GBp, respectively, demonstrating the organization's proactive engagement in optimizing their market value. After these transactions, the total shares repurchased under the program aggregate to an impressive 3,618,715 shares, with a portion of these shares now being held in treasury.
Impact on Voting Rights and Share Capital
Following the buyback, Foresight’s total voting rights now stand at 114,120,827, while the issued ordinary share capital amounts to 116,347,803, with 2,226,976 shares specifically retained in treasury. These adjustments not only reflect the group's commitment to maintaining a balanced capital structure but also empower shareholders to make informed decisions under the FCA's regulations.
Compliance and Regulatory Information
To adhere to regulatory standards, Foresight remains transparent as detailed in Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014. This includes providing insights into individual trades executed under the share buyback, thereby fostering trust and accountability in their operations.
About Foresight Group Holdings Limited
Founded in 1984, Foresight Group has established itself as a pioneering force in the investment management sphere, devoted to real assets and sustainable growth. With operations extending across the UK, Europe, and Australia, Foresight offers a diversified array of investment strategies aimed at maximizing asset value while providing attractive returns to investors.
With decades of experience, Foresight continuously seeks to evolve investment avenues in line with energy transitions and recovery initiatives toward enhancing nature. The group remains committed to realizing the economic potential of ambitious companies while fostering a sustainable future.
Contact Information
For more information, please contact: Foresight Group Investors
Liz Scorer / Ben McGrory
+44 (0) 7966 966956 / +44 (0) 7443 821577
Email: ir@foresightgroup.eu
Deutsche Numis
Charles Farquhar / Rajesh Iyer
+44 (0) 207 260 1000
H-Advisors Maitland
Sam Cartwright / Audrey Da Costa
+44 (0) 782 725 4561 / +44 (0) 781 710 5562
Email: Foresight@h-advisors.global
Frequently Asked Questions
What is the recent action taken by Foresight Group?
Foresight Group has expanded its share buyback program to enhance shareholder value.
How many shares were repurchased?
25,000 ordinary shares were repurchased in the latest buyback.
Who executed the share transactions?
The transactions were executed by Deutsche Numis.
What is the total voting rights after the buyback?
The total voting rights now stand at 114,120,827.
How does the buyback affect the company’s capital structure?
The buyback aids in maintaining a balanced capital structure while returning value to shareholders.
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