REG - ICG Enterprise Trust - Transaction in Own Shares

ICG Enterprise TrustAnnouncement

05/06/2025 07:00

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RNS Number : 4920L  ICG Enterprise Trust PLC  05 June 2025

ICG Enterprise Trust plc (the "Company")

 

5 June 2025

 

Transaction in Own Shares

The Company announces that on 4 June 2025 it bought back 7,500 of its own
shares, to be held as treasury shares, at an average price of 1290 pence per
share.

Further details are set out below:

·      Number of shares held as treasury shares following settlement of
this purchase: 186,044.

·      Total shares in issue excluding treasury shares following
settlement of this purchase: 63,368,148.

 

The Company has bought back these shares under the authority granted by
shareholders at its Annual General Meeting in June 2024, 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 2025), or until expressly revoked by
shareholders.

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 (trading for these
purposes as Deutsche Numis) 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:

Clare Glynn

Corporate Communications, ICG

+44 (0) 20 3545 1395

 

 

 

 

 

 

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