ICG Plc Buys Back 706,778 Shares for Strategic Partnership
News related to:ICG plc · 2 min read
ICG plc, a London-based company, announced the purchase of 706,778 of its own ordinary shares on the London Stock Exchange between September 1 and September 8, 2026. The shares were acquired as part of the company’s share buyback program, which was initiated on February 19, 2026. The buyback is aimed at issuing Ordinary Non-Voting shares to Amundi in connection with a strategic partnership announced on November 18, 2025.
The shares purchased will be held in Treasury and are scheduled to be cancelled in tranches on a bi-annual basis. According to the press release, these shares will not be used for any other purpose prior to cancellation. Following the transaction, ICG plc now has 282,260,661 ordinary shares in issue, with 6,824,448 shares held in Treasury and 13,465,175 ordinary non-voting shares in issue.
As a result of these transactions, the total number of voting rights in the company stands at 275,436,213. This figure can be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the company, according to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The ordinary non-voting shares and the shares held in Treasury do not carry voting rights. The company plans to cancel these shares in tranches to ensure that the share buyback program does not dilute the existing shareholders' voting rights. This strategic move is part of ICG plc’s broader efforts to maintain a balance between the interests of its existing shareholders and its new partnership with Amundi.
ICG plc’s share buyback program is ongoing and aims to enhance shareholder value through a non-dilutive approach. The company's commitment to this strategy reflects its dedication to maintaining a strong and resilient shareholder base, while also supporting its strategic partnership with Amundi.
This transaction underscores ICG plc’s strategic approach to managing its capital structure and aligning its interests with those of its stakeholders. The company remains focused on delivering long-term value to its shareholders and maintaining a robust and sustainable business model.