Insights into ICG Enterprise's Recent Share Buyback Activities

Author: Owen Jenkins Updated: 06-02-2025 02:16 AM

Recent Developments in Share Buybacks for ICG Enterprise Trust

ICG Enterprise Trust plc has taken an important step in recent days, making headlines with its latest share buyback activity. As part of the company's strategy to manage its capital structure effectively, it repurchased 15,000 of its own shares on May 30, 2025. This move aims to hold these shares as treasury shares, a common practice among companies looking to optimize their stock performance.

Details of the Share Buyback

The average price paid for these repurchased shares was 1270 pence each. Following this transaction, ICG Enterprise Trust now holds a total of 163,544 shares as treasury shares. The total number of shares in issue, excluding treasury shares, stands at 63,390,648.

Strategic Implications

This buyback is executed under the authority granted by shareholders during the Annual General Meeting held in June 2024, which allows the firm to repurchase up to 14.99% of its ordinary shares. However, the actual number of shares that can be repurchased hinges on fluctuating market conditions. The current authority enabling these repurchases will continue until the next general meeting of shareholders, anticipated in the upcoming year.

Conditions of the Buyback

While the company has not stipulated a maximum payable price for the shares repurchased, it emphasizes that it cannot purchase shares at a price that exceeds their net asset value. The intention is to hold any bought-back shares within the treasury, reflecting a strategic approach to balance asset management and shareholder value.

Brokerage Understanding

To facilitate these transactions, ICG Enterprise Trust has engaged Numis Securities Limited, which will act as the company's broker. This engagement aligns with the UKLA Listing Rules and ensures that the buyback adheres to the authorized framework set forth to mitigate any potential conflicts of interest.

Investor Relations and Contacts

For investors seeking more information about the company's operations or share buyback specifics, ICG Enterprise has provided contact resources. Interested parties may reach out to:

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

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

For media inquiries:
Clare Glynn
Corporate Communications, ICG
+44 (0) 20 3545 1395

Frequently Asked Questions

What was the purpose of ICG Enterprise Trust's share buyback?

The primary aim was to manage capital more effectively and enhance shareholder value by repurchasing shares for treasury.

How many shares did ICG Enterprise Trust buy back?

ICG Enterprise Trust bought back 15,000 shares at an average price of 1270 pence each.

What are treasury shares?

Treasury shares are shares that have been repurchased by the company and are held in the company's accounts, not available for public trading.

Who is the broker handling the share buyback for ICG Enterprise Trust?

Numis Securities Limited is managing the buyback transactions for ICG Enterprise Trust.

Where can I find more information about ICG Enterprise Trust?

Investors can reach out to the company’s shareholder relations or corporate communications teams for additional details.

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.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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