Transaction in Own Shares
March 11 2024 - 3:00AM
UK Regulatory
Transaction in Own Shares
ICG Enterprise Trust plc (the
“Company”)
11 March 2024
Transaction in Own Shares
The Company announces that on 8 March 2024 it
bought back 10,000 of its own shares, to be held as treasury
shares, at an average price of 1244 pence per share.
Further details are set out below:
- Number of shares held as treasury
shares following this purchase: 6,143,133.
- Total shares in issue excluding
treasury shares following this purchase: 66,769,867.
The Company has bought back these shares under the
authority granted by shareholders at its Annual General Meeting in
June 2023, which permits the Company to repurchase a maximum of
14.99% of its ordinary shares. The actual number of shares
repurchased by the Company will depend on market conditions. This
authority lasts until the next shareholder authority granted
(expected to be at the Annual General Meeting in 2024), or until
expressly revoked by shareholders.
The above figure 66,769,867 may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
No maximum consideration payable has been
determined by the Company, but the Company is unable to pay a price
for any shares pursuant to the buyback which would equate to a
premium to the net asset value. It is the Company’s current
intention to hold any shares bought back in treasury.
The Company has instructed Numis Securities Limited
as its broker in respect of its buyback transactions. This
arrangement is in accordance with the UKLA Listing Rules and the
Company’s general authority to repurchase shares.
Analyst / Investor enquiries:
Chris Hunt
Shareholder Relations, ICG
+44 (0) 20 3545 2020
Andrew Lewis
Company Secretary, ICG
+44 (0) 20 3545 1344
Media:
Catherine Armstrong
Corporate Communications, ICG
+44 (0) 20 3545 1850
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