ICG Enterprise Trust's Strategic Move in Share Buybacks

Author: Logan Wright Updated: 05-28-2025 02:16 AM

Key Insights on ICG Enterprise Trust plc's Share Buyback

ICG Enterprise Trust plc (the “Company”) recently made headlines with its decision to repurchase shares as part of its strategy to enhance shareholder value. This move reflects the Company’s commitment to maintaining a healthy financial standing while demonstrating confidence in its long-term prospects.

Details of the Buyback Transaction

On the 27th of May 2025, ICG Enterprise Trust successfully bought back 15,000 of its own shares, acquiring them at an average price of 1253 pence each. These shares will be classified as treasury shares, effectively reducing the market supply temporarily.

Following the completion of this transaction, the total number of shares held as treasury shares has reached 118,544. Additionally, the total share count, excluding treasury shares, is now 63,435,648. This buyback is a significant step in the Company’s ongoing strategy to optimize its capital structure.

Authority to Repurchase Shares

The decision to repurchase shares was made under the authorization granted by shareholders during the Annual General Meeting held in the previous June. During that meeting, shareholders approved the Company’s ability to repurchase up to 14.99% of its ordinary shares. However, the exact number of shares bought back will be influenced by prevailing market conditions.

This authority will be valid until the next Annual General Meeting, anticipated to occur in 2025, or until it is explicitly revoked by the shareholders. The Company has not established a maximum payment threshold for these repurchases, yet it is essential that any buyback does not exceed the ongoing net asset value.

Strategy Behind Holding Shares in Treasury

The primary intention behind this buyback is to hold the acquired shares as treasury stock. Holding shares in treasury allows the Company to retain flexibility for future transactions while supporting the belief in its own value.

ICG Enterprise Trust has enlisted the services of Numis Securities Limited, operating under the name Deutsche Numis, to facilitate the buyback transactions. This partnership is aligned with UKLA Listing Rules as well as the Company’s broader authority framework regarding share repurchase.

Investor Relations and Contact Information

For those interested in further details about these transactions or the Company's strategic direction, the primary contacts for analyst and investor inquiries are available:

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

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

For media inquiries, please reach out to:

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

Frequently Asked Questions

What is the purpose of ICG Enterprise Trust’s share buyback?

The share buyback helps the Company reduce the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating confidence to shareholders.

How many shares did ICG Enterprise Trust buy back?

ICG Enterprise Trust repurchased 15,000 shares in this transaction.

At what price did ICG buy back its shares?

The average price for the repurchased shares was 1253 pence each.

Who can I contact for more information about the Company?

For inquiries, you can contact Chris Hunt for investor relations or Clare Glynn for media questions.

What influences the number of shares the Company buys back?

The number of shares repurchased depends on various market conditions and the Company’s financial objectives.

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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