ICG Enterprise Trust Buys Back 15,000 Shares

ICG Enterprise Trust plc, a publicly traded company, has announced the purchase of 15,000 of its own shares on September 11, 2026. This transaction is part of the company's long-term buyback program, aimed at managing its share structure and potentially enhancing shareholder value.

The shares were acquired at an average price of 1431 pence each, bringing the total number of treasury shares to 3,159,402. As a result, the total number of shares in issue, excluding treasury shares, stands at 60,394,790. The buyback was authorized by shareholders at the company’s Annual General Meeting in June 2026, which allowed for the repurchase of up to 14.99% of the company’s ordinary shares. The actual number of shares repurchased will depend on market conditions.

According to the company, the buyback is in line with its strategy to manage its capital structure and potentially enhance shareholder value. The authority to repurchase shares is valid until the next shareholder authority, expected at the Annual General Meeting in 2027, or until it is expressly revoked by shareholders.

ICG Enterprise Trust plc has instructed Numis Securities Limited, trading as Deutsche Numis, to act as its broker for these transactions. This arrangement complies with the UKLA Listing Rules and the company’s general authority to repurchase shares.

The company’s current intention is to hold any shares bought back in treasury. This move reflects the company’s ongoing commitment to its shareholders and its strategic approach to capital management.