Foresight Group's Recent Share Buyback Transaction Insights
Overview of Recent Transaction in Own Shares
Foresight Group Holdings Limited, known for its leadership as an investment manager in real assets, has made significant strides in its share buyback program. Following a series of extensions announced since late last year, the Group executed a purchase of its own ordinary shares, further demonstrating its commitment to maximizing shareholder value.
Details of Share Buyback Program
On the 13th of March, the Group made a notable purchase of 25,000 of its ordinary shares, an integral step under its ongoing buyback initiative. This program, which began in October, aims to not only stabilize the company’s stock by reducing the number of shares in circulation but also to enhance the overall return on investment for its shareholders.
Significance of the Buyback
Acquiring shares through the buyback program enables Foresight to enhance its capital structure and provide value back to its investors. By holding these shares in treasury, Foresight strategically reduces the number of shares available, which can lead to increased earnings per share over time.
Total Shares and Voting Rights
As part of the buyback, the total number of shares purchased has now reached an impressive total of 3,668,715. Of these shares, Foresight has transferred out 1,391,739 shares from treasury, which emphasizes an active management approach to their equity structure.
The current total voting rights stand at 114,070,827 while the issued ordinary share capital is recorded at 116,347,803. Foresight Group’s management encourages shareholders to utilize the provided voting rights as a denominator for any necessary notifications under regulatory guidelines.
Trading Performance and Market Insights
Foresight executed its share buyback using the trading services of Deutsche Numis, facilitating effective market operations and ensuring compliance with financial regulations. The volume-weighted average price paid per share was noted at 360.08 GBp. This reflects the Group's keen market insight as they managed to secure shares at competitive rates, demonstrating fiscal responsibility.
Market Reaction and Implications
The current market landscape showcases a strong interest in Foresight’s sustainable investment initiatives. By actively managing its equity and buyback strategies, the Group is not just responding to market fluctuations but is also positioning itself to take advantage of future investment opportunities.
Contact Information for Foresight Group
For any inquiries regarding the recent share buyback or investment opportunities within Foresight Group, the dedicated investor relations team is available to assist.
Foresight Group Investors
Contact: Liz Scorer / Ben McGrory
Phone: +44 (0) 7966 966956 / +44 (0) 7443 821577
Email: ir@foresightgroup.eu
Deutsche Numis
Contact: Charles Farquhar / Rajesh Iyer
Phone: +44 (0) 207 260 1000
About Foresight Group Holdings Limited
Founded in 1984, Foresight Group Holdings Limited has emerged as a leading investment manager with a focus on real assets and capital for growth across multiple regions including the UK, Europe, and Australia. With decades of experience, Foresight actively invests in sectors poised for sustainable growth, ensuring that investors have access to leading-edge investment solutions.
Foresight is committed to contributing positively to the markets while enhancing the value for its investors. As a constituent of the FTSE 250 index, the firm is recognized for its diversified strategies that blend financial and operational expertise, resulting in attractive returns.
Explore more about Foresight’s sustainable investments and initiatives by visiting foresight.group. Follow them on LinkedIn for the latest updates and insights.
Frequently Asked Questions
1. What is the purpose of the share buyback program by Foresight Group?
The share buyback program aims to improve shareholder value, enhance capital structure, and provide potential for higher earnings per share.
2. How many shares have been repurchased under this program?
As of now, Foresight has repurchased 3,668,715 shares under its buyback initiative.
3. What is the volume-weighted average price paid per share?
The volume-weighted average price paid for the shares during the recent buyback was 360.08 GBp.
4. Who can shareholders contact for more information?
Shareholders can contact the Foresight Group Investor Relations team via email at ir@foresightgroup.eu.
5. How does Foresight Group contribute to sustainable investments?
Foresight focuses on investment solutions that support energy transitions, decarbonizing industries, and enhancing nature recovery to create a sustainable future.
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