ICG Enterprise Trust Plc Buys Back 15,000 Shares

ICG Enterprise Trust plc, a company focused on financial management, has undertaken a transaction to buy back a portion of its own shares. According to the press release, on September 8, 2026, the company repurchased 15,000 of its own shares, to be held as treasury shares, at an average price of 1466 pence per share. This action is part of a broader strategy that the company has approved, allowing it to repurchase up to 14.99% of its ordinary shares under the authority granted by shareholders at the Annual General Meeting in June 2026.

As of the conclusion of this latest transaction, the company now holds 2,969,402 shares as treasury shares, bringing the total number of shares in issue excluding these treasury shares to 60,584,790. The buyback is conducted in accordance with the UKLA Listing Rules and within the bounds of the authority granted by the shareholders.

ICG Enterprise Trust plc has instructed Numis Securities Limited (trading as Deutsche Numis) to act as its broker for these transactions. The company has clarified that it aims to hold any repurchased shares in treasury. The buyback is part of the company's ongoing strategy to manage its capital and optimize shareholder value.

Chris Hunt from ICG’s Shareholder Relations noted, "This repurchase aligns with our strategic goals to optimize our capital structure and enhance shareholder returns. The buyback is part of a broader strategy to create value for our shareholders."

The company has also stated that it will continue to monitor market conditions and may repurchase shares up to the maximum allowed under the shareholders' authorization. This move reflects the company's commitment to its shareholders and its belief in the long-term potential of its business.

In summary, ICG Enterprise Trust plc’s repurchase of 15,000 shares on September 8, 2026, marks a strategic step in its ongoing efforts to manage its capital and enhance shareholder value.