ICG Enterprise Trust Expands Treasury Holdings Strategically

Author: Olivia Taylor Updated: 02-18-2025 02:18 AM

ICG Enterprise Trust's Recent Move to Boost Treasury Shares

ICG Enterprise Trust plc has made a notable decision recently in the financial market. On February 17, 2025, the Company executed a buyback of 15,000 shares, which are set to be held as treasury shares. This indicated a careful strategy to manage their share distribution and bolster their treasury holdings.

Details of the Share Buyback

This transaction was completed at an average price of 1306 pence per share. Following this buyback, a total of 8,700,808 shares will be held as treasury shares. Additionally, there are now 64,212,192 total shares in issue, excluding the treasury shares, indicating a robust structure in their overall share management.

Strategic Authorisation for Share Repurchase

The repurchase is conducted under the authority granted by shareholders at the past Annual General Meeting. This authorization allows ICG Enterprise Trust to repurchase up to 14.99% of its ordinary shares. The number of shares that will ultimately be repurchased hinges on the current market conditions, showcasing the Company’s flexible approach to financial management.

The Intent of Holding in Treasury

It's essential to note that while the Company has not set a maximum consideration for the shares being bought back, it cannot purchase shares at a premium above the net asset value. Their current intent is crystal clear: any shares purchased in this transaction will be retained in treasury.

Engagement with Brokers for Enhanced Transaction Efficiency

For the execution of the buyback, the Company has appointed Numis Securities Limited, trading as Deutsche Numis, as its broker. This alliance is consistent with the UKLA Listing Rules and aligns with the general authority granted by shareholders to repurchase shares.

Contact Information for Further Inquiries

For any inquiries or further information regarding this transaction, interested parties can reach out to the Company’s representatives:

Investor Relations

Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020

Company Secretary

Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344

Media Contacts

Clare Glynn
Corporate Communications, ICG
+44 (0) 20 3545 1395

Frequently Asked Questions

What prompted ICG Enterprise Trust to buy back shares?

The Company aims to manage its share distribution effectively and strengthen its treasury holdings.

How many shares will ICG hold as treasury shares after this buyback?

After the buyback, ICG will hold 8,700,808 shares as treasury shares.

Who is responsible for executing the buyback transactions?

Numis Securities Limited, trading for these purposes as Deutsche Numis, has been appointed as the broker for this buyback.

Can ICG buy back shares at any price?

No, the Company cannot buy back shares at a premium over the net asset value.

Who can I contact for more information related to this transaction?

You can reach out to Chris Hunt or Andrew Lewis via their provided contact numbers for inquiries.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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