ICG share buyback activity continued on October 21, 2026, with ICG Enterprise Trust plc purchasing 10,000 of its own shares at an average price of 1,399 pence each. The company disclosed the completed purchase on October 22 and said the shares would be held in treasury under its long-term buyback programme.
Key Takeaways
- The company bought 10,000 shares at an average price of 1,399 pence on October 21.
- Following settlement, treasury holdings will total 3,542,500 shares, with 60,011,692 shares in issue excluding treasury.
- The shareholder authority permits repurchases of up to 14.99% of ordinary shares, with actual purchases dependent on market conditions.
Table of Contents
- ICG share buyback updates treasury holdings
- Authority and price limits govern further purchases
- Conclusion
ICG share buyback updates treasury holdings
The company reported that, following settlement of this purchase, it would hold 3,542,500 treasury shares. Total shares in issue excluding treasury shares would stand at 60,011,692.
Numis Securities Limited, trading for these transactions as Deutsche Numis, has been instructed to act as the company's buyback broker. ICG said the arrangement accords with the UKLA Listing Rules and its general repurchase authority.
Authority and price limits govern further purchases
Shareholders granted the repurchase authority at the June 2026 annual general meeting. It remains valid until the next shareholder authority is granted, expected at the 2027 annual general meeting, or until shareholders expressly revoke it.
The company has not set a maximum consideration payable, but it cannot buy shares at a price representing a premium to net asset value. The number of shares actually repurchased will depend on market conditions, and its current intention is to retain bought-back shares in treasury.
Conclusion
The purchase adds 10,000 shares to ICG Enterprise Trust's treasury holdings upon settlement, while further buybacks remain subject to market conditions and the existing shareholder authority.
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