ICG Enterprise Trust plc Announces Strategic Share Buyback Plan

Author: Logan Wright Updated: 07-02-2025 02:17 AM

ICG Enterprise Trust plc Engages in Share Repurchase Initiative

ICG Enterprise Trust plc (the “Company”) recently took a significant step towards enhancing shareholder value by initiating a share buyback program.

Details of the Share Buyback

On a recent date, the Company made the decision to repurchase 15,000 of its own shares at an average price of 1381 pence per share, which will be held as treasury shares. This strategic move reflects the Company’s confidence in its market position and financial health.

Following this buyback, the total number of shares held as treasury shares will amount to 455,721. Furthermore, the total shares in issue, excluding these treasury shares, will stand at 63,098,471.

Authority and Market Considerations

This decision to buy back shares falls under the authorization granted by shareholders at the Annual General Meeting. This authority allows the Company to repurchase a maximum of 14.99% of its ordinary shares. However, the actual number of shares repurchased will vary based on the prevailing market conditions, making it a dynamic process. This authority remains valid until the next shareholder meeting, which is anticipated in 2026, unless revoked earlier.

ICG Enterprise Trust plc has not set a maximum consideration for any shares repurchased. The Company’s policy stipulates that it will not pay above the net asset value for any shares in this buyback initiative. The intention is clear: to hold the repurchased shares in treasury going forward.

Brokerage Engagement

To facilitate its share buyback transactions, ICG has selected Numis Securities Limited, operating under the name Deutsche Numis, as its broker. This collaboration is designed to adhere to the UKLA Listing Rules and the general authority established for share repurchases.

Inquiries and Contact Information

If investors or analysts have any questions, they are encouraged to reach out to the following team members:

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

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

Media Relations

For media inquiries, Clare Glynn from Corporate Communications is readily available.

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

Frequently Asked Questions

What is the purpose of the share buyback by ICG Enterprise Trust plc?

The share buyback aims to enhance shareholder value while managing the company’s capital structure effectively.

How many shares did ICG Enterprise Trust plc repurchase?

The Company repurchased 15,000 shares to be held as treasury shares in its recent transaction.

At what average price were the shares bought back?

The shares were bought back at an average price of 1381 pence each.

Who is the brokerage facilitating the buyback transactions?

Numis Securities Limited, operating as Deutsche Numis, is the designated broker for these transactions.

What is the future of the repurchased shares?

The intention of ICG Enterprise Trust plc is to keep the repurchased shares in treasury.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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