ICG Enterprise Trust Icg Enterprise Trust Plc: Transaction In Own Shares
28 Julio 2021 - 1:00AM
UK Regulatory
TIDMICGT
Transaction in Own Shares
ICG Enterprise Trust plc (the "Company") announces that on 27
July 2021 it bought back 250,000 of its own shares, to be held in
treasury, at an average price of 1,070p.
Further details are set out below:
-- Number of shares held in treasury following this purchase: 4,395,945
-- Total shares in issue excluding treasury shares following this purchase:
68,517,055
The Company has bought back these shares under the authority
granted by shareholders at its Annual General Meeting in June 2021,
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 2022), 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 as its
broker in respect of its buyback transactions. This arrangement is
in accordance with Chapter 12 of the UKLA Listing Rules and the
Company's general authority to repurchase shares.
Enquiries
Analyst / Investor enquiries: +44 (0) 20 3545 2000
Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
James Caddy, Investor Relations, ICG
Media:
Clare Glynn, Corporate Communications, ICG +44 (0) 20 3545 1395
Ed Gascoigne Pees, Eddie Livingstone-Learmonth, Camarco +44 (0) 20 3757 4993
Website:
www.icg-enterprise.co.uk
About ICG Enterprise Trust
ICG Enterprise Trust is a leading listed private equity investor
focused on creating long-term growth by delivering consistently
strong returns through selectively investing in profitable private
companies, primarily in Europe and the US.
As a listed private equity investor, our purpose is to provide
shareholders with access to the attractive long-term returns
generated by investing in private companies, with the added benefit
of daily liquidity.
We invest in companies directly and through funds managed by ICG
and other leading private equity managers who focus on creating
long-term value and building sustainable growth through active
management and strategic change.
We have a long track record of delivering strong returns through
a flexible mandate and highly selective approach that strikes the
right balance between concentration and diversification, risk and
reward.
Disclaimer
This report may contain forward looking statements. These
statements have been made by the Directors in good faith based on
the information available to them up to the time of their approval
of this report and should be treated with caution due to the
inherent uncertainties, including both economic and business risk
factors, underlying such forward-looking information. These written
materials are not an offer of securities for sale in the United
States. Securities may not be offered or sold in the United States
absent registration under the US Securities Act of 1933, as
amended, or an exemption therefrom. The issuer has not and does not
intend to register any securities under the US Securities Act of
1933, as amended, and does not intend to offer any securities to
the public in the United States. No money, securities or other
consideration from any person inside the United States is being
solicited and, if sent in response to the information contained in
these written materials, will not be accepted.
(END) Dow Jones Newswires
July 28, 2021 02:00 ET (06:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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