ICG Enterprise Trust Updates Share Buyback Strategy

ICG Enterprise Trust Share Buyback Announcement

ICG Enterprise Trust plc

On June 23, 2025, ICG Enterprise Trust plc made an important announcement regarding its ongoing share buyback initiative. The Company successfully repurchased 15,000 of its own shares, which will now be held as treasury shares. The average price for this buyback was set at 1391 pence per share. This strategic move reflects the Company’s commitment to enhancing shareholder value.

Details of the Share Buyback Transaction

The results of the recent buyback transaction have further implications for the share structure of ICG Enterprise Trust. Following the completion of this purchase, the Company’s total number of treasury shares now stands at 410,721. Meanwhile, the total shares issued, excluding the treasury shares, have been adjusted to 63,143,471. This adjustment highlights the Company’s proactive approach to managing its share capital.

Authority for Share Repurchase

The share repurchase was executed under the authority granted by shareholders during the Annual General Meeting held in June 2024. This resolution allows ICG Enterprise Trust to buy back a maximum of 14.99% of its ordinary shares. Going forward, the extent of future buybacks will be determined by prevailing market conditions, ensuring a responsive strategy that aligns with shareholder interests.

Future Considerations and Market Strategy

ICG Enterprise Trust has taken a clear position regarding financial prudence in its buyback strategy. While there is no predefined maximum expenditure set for the buybacks, the Company has made it clear that it will not pay a premium above the net asset value when acquiring its shares. This strategic decision aims to protect shareholders' equity and ensure sustainable operations.

The Role of Numis Securities in the Buyback Process

In order to facilitate the buyback transactions, ICG Enterprise Trust has appointed Numis Securities Limited, known for its trading as Deutsche Numis, as its broker. This partnership aligns with both the UKLA Listing Rules and the Company’s overarching mandate to repurchase shares, showcasing a commitment to compliance and transparency throughout the process.

Engagement with Shareholders

Engagement with investors and analysts remains a top priority for ICG Enterprise Trust. For any inquiries or further discussions regarding the recent buyback and future queries about shareholder relations, investors can reach out to Chris Hunt from Shareholder Relations at ICG. His contact number is +44 (0) 20 3545 2020.

Corporate Communication and Investor Support

Additionally, Andrew Lewis, the Company Secretary, is also available for any corporate governance-related inquiries. He can be reached at +44 (0) 20 3545 1344. For media-related questions, Clare Glynn from Corporate Communications is accessible at +44 (0) 20 3545 1395, ensuring that communication lines remain open for all stakeholders.

Frequently Asked Questions

What motivated the recent share buyback by ICG Enterprise Trust?

The buyback aims to enhance shareholder value and reflect the Company’s confidence in its market position.

How many shares does ICG Enterprise Trust currently hold as treasury shares?

Post-buyback, ICG Enterprise Trust holds a total of 410,721 shares as treasury shares.

What is the maximum percentage of shares that ICG Enterprise Trust can repurchase?

The authority allows for the repurchase of up to 14.99% of its ordinary shares.

Who is managing the buyback transactions for the Company?

Numis Securities Limited is the appointed broker handling all buyback transactions for ICG Enterprise Trust.

How can investors contact the Company for inquiries?

Investors can reach out to Chris Hunt or Andrew Lewis through the provided contact numbers for any questions or clarifications.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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