News
Public · Published
Transaction in Own Shares
ICG Enterprise Trust plc said it bought back 10,000 of its own shares on 2 November 2026 at an average price of 1402 pence per share under its long-term buyback programme. The shares will be held as treasury shares.
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What happened
ICG Enterprise Trust plc said it bought back 10,000 of its own shares on 2 November 2026 at an average price of 1402 pence per share under its long-term buyback programme. The shares will be held as treasury shares.
Confirmed
Global impact / market context
A buyback using shareholder-approved authority reduces the number of shares in issue, so each remaining share represents a larger slice of the company. The shares are held in treasury, which means they are kept rather than cancelled, so they could be resold later.
Confirmed
The authority from the June 2026 Annual General Meeting allows repurchases of up to 14.99% of ordinary shares and lasts until the next shareholder vote, expected in 2027. The company cannot pay a price above net asset value, which is the value of its assets minus liabilities per share.
Confirmed
What to watch
- The company has committed to a long-term buyback programme and has instructed Numis Securities Limited, trading as Deutsche Numis, as its broker to carry out these share purchases. Confirmed
- The company states the actual number of shares repurchased will depend on market conditions, and no maximum consideration payable for the buyback has been determined by the company. Confirmed
- Because shares are held in treasury rather than cancelled, watch whether the company later resells or cancels them, which would change the share count and the per-share value calculation for investors. Analyst inference