ICG Enterprise Trust Transaction In Own Shares
18 January 2024 - 6:00PM
UK Regulatory
TIDMICGT
ICG Enterprise Trust plc (the "Company")
18 January 2024
Transaction in Own Shares
The Company announces that on 17 January 2024 it bought back
5,000 of its own shares, to be held as treasury shares, at an
average price of 1194 pence per share.
Further details are set out below:
-- Number of shares held as treasury shares following this purchase:
5,678,133.
-- Total shares in issue excluding treasury shares following this purchase:
67,234,867.
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 67,234,867 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
(END) Dow Jones Newswires
January 18, 2024 02:00 ET (07:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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