Foresight Group Holdings Ltd: Share Buyback Details and Impact
Foresight Group Holdings Limited Share Buyback Overview
Foresight Group Holdings Limited, a prominent player in the investment management of real assets, has initiated an effective share buyback program. This program aims to enhance shareholder value by purchasing the company's shares from the market. The initiative reflects the company's confidence in its long-term growth trajectory and financial health.
Details of the Buyback Program
Launched in compliance with existing regulations, this buyback program allows Foresight to repurchase its ordinary shares at a designated price range. The decision to proceed with this measure underscores the company’s strategic focus on returning value to its shareholders.
Shares Purchased Through Berenberg
Foresight executed its share buyback transactions through Berenberg, a respected financial institution. From the initiation of this program, the company successfully acquired 1,995,130 ordinary shares. The total number of shares currently held in treasury is significant, indicating the company's prudent financial management.
Aggregated Purchase Transaction Data
The buyback provides key insights into transaction specifics, including the aggregate number of shares purchased, lowest and highest price points, and the volume-weighted average price paid for shares acquired. This data illustrates the company's strategic buying behavior in response to market conditions.
Voting Rights and Treasury Shares
Currently, Foresight has 116,347,803 ordinary shares issued, of which 114,935,300 hold voting rights. The treasury shares, which are not entitled to vote, stand at 1,412,503. This distribution is crucial for understanding shareholdings and future voting power dynamics within the organization.
Compliance with Regulatory Frameworks
The buyback program adheres rigorously to the applicable regulations, ensuring transparency for investors and compliance with the FCA’s Disclosure Guidance. As part of this process, complete records of individual trades executed by Berenberg are available and reported in line with obligations.
Foresight's Commitment to Sustainable Growth
Founded in 1984, the Foresight Group has established itself as a leader in investment management, focusing on promoting sustainable growth. The organization works across regions including the UK, Europe, and Australia, offering investors opportunities in cutting-edge market sectors.
With a strong emphasis on the energy transition and nature recovery, Foresight aims to capitalize on investment trends that drive both economic and ecological benefits. This commitment enhances shareholder trust and positions the company favorably in the market.
Contact Information for Foresight Group Holdings
If you have any inquiries, please reach out to the Foresight Group at the contact details below:
Foresight Group Investors
Liz Scorer / Ben McGrory
+44 (0) 7966 966956 / +44 (0) 7443 821577
ir@foresightgroup.eu
Berenberg (Joint Corporate Broker)
James Felix / John Welch / Dan Gee-Summons
+44 (0) 203 753 7800
About Foresight Group Holdings Limited
With a rich history and deep expertise in managing diverse investment portfolios, Foresight is not just managing assets but is also committed to fostering economic growth through strategic initiatives.
Frequently Asked Questions
What is the purpose of Foresight's share buyback program?
The buyback program is designed to increase shareholder value by reducing the number of outstanding shares, thus enhancing earnings per share and providing a more favorable stock performance.
How many shares has Foresight repurchased?
To date, Foresight has successfully repurchased a total of 1,995,130 ordinary shares as part of the buyback initiative.
What is the average price per share for the buybacks?
The volume-weighted average price paid per share during these transactions was noted to be approximately 488.29 GBp.
Are the repurchased shares voting shares?
No, the shares held in treasury do not hold voting rights, allowing the company to optimize its share structure without affecting voting percentages.
How can investors contact Foresight Group for further information?
Investors can reach out via email at ir@foresightgroup.eu or consult their corporate brokers for additional insights oriented towards investment opportunities.
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