ICG Enterprise Trust Executes Share Buyback Transaction

Overview of ICG Enterprise Trust’s Recent Share Buyback
ICG Enterprise Trust plc has recently made headlines with its strategic decision to repurchase its own shares, a move that reflects its commitment to enhancing shareholder value. This transaction, executed on 21 August 2025, saw the Company buying back 15,000 of its own shares at an average price of 1453 pence per share, now destined to be held as treasury shares. This initiative is part of a broader strategy to optimize its capital structure and efficiently manage resources.
Key Details of the Transaction
The implications of this share buyback are significant for both the Company and its shareholders. Following the settlement of this purchase, ICG Enterprise Trust is holding a total of 644,721 shares in treasury. Additionally, the total shares in issue, excluding treasury shares, now stands at 62,909,471. This latest buyback is a clear reflection of the Company's intent to capitalize on favorable market conditions and maximize shareholder returns.
Understanding Treasury Shares
Treasury shares are those that were once a part of the outstanding shares of a Company but were later repurchased by the Company itself. These shares do not pay dividends and do not have voting rights, making them a strategic treasury for the Company. They can be reissued or sold in the future, providing flexibility and liquidity to the Company as it navigates market dynamics.
Granting of Authority for Share Repurchase
Importantly, the authority for ICG Enterprise Trust to conduct this share buyback was granted by shareholders during the Annual General Meeting in June 2025. Shareholders authorized the Company to repurchase up to a maximum of 14.99% of its ordinary shares. The actual number of shares repurchased is contingent on the market conditions, which can affect the timing and volume of future buybacks.
The Role of the Broker
In executing this buyback, the Company has appointed Numis Securities Limited, trading as Deutsche Numis, as its broker. The involvement of a seasoned broker ensures that the transactions comply with the UKLA Listing Rules, providing additional confidence to shareholders and investors regarding the integrity of the buyback process.
Future Outlook
Looking forward, ICG Enterprise Trust is focusing on maintaining shareholder value while ensuring sustainable growth. The authority granted for share repurchases is set to last until the next annual meeting or until otherwise revoked by shareholders. This provides a structured approach for future buyback decisions, ensuring alignment with shareholder interests.
Investor and Media Inquiries
For those interested in learning more about this transaction or other aspects of ICG Enterprise Trust, the Company is readily available for inquiries. Chris Hunt, from Shareholder Relations, can be contacted at +44 (0) 20 3545 2020 for investor-related questions. Additionally, Andrew Lewis, the Company Secretary, is reachable at +44 (0) 20 3545 1344. For media inquiries, Clare Glynn from Corporate Communications is available at +44 (0) 20 3545 1395. These contacts are invaluable for anyone looking to delve deeper into the operational strategies of ICG Enterprise Trust.
Frequently Asked Questions
What is the purpose of ICG Enterprise Trust's share buyback?
The share buyback aims to enhance shareholder value by reducing the number of outstanding shares, which can lead to a higher share price and increased earnings per share.
How many shares were repurchased?
ICG Enterprise Trust repurchased 15,000 shares to be held as treasury shares.
Who is responsible for executing the buyback?
Numis Securities Limited, trading as Deutsche Numis, has been appointed as the broker for executing the buyback transactions.
What is meant by treasury shares?
Treasury shares are the portion of shares that were issued but are no longer outstanding because they were bought back by the Company. They do not pay dividends or provide voting rights.
How does the buyback affect the total shares in issue?
After the buyback, the total shares in issue excluding treasury shares are 62,909,471.
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